New Jersey Korean American Mutual Aid Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 390,390 | 68,633 | 321,757 | 56.3 | 10% |
| 2017 | 484,629 | 457,455 | 27,174 | 9.2 | 8% |
| 2018 | 452,401 | 564,451 | −112,050 | 5.0 | 5% |
| 2019 | 486,142 | 760,777 | −274,635 | -0.6 | 4% |
| 2020 | 2,346,506 | 1,427,927 | 918,579 | 7.4 | 3% |
| 2021 | 1,432,533 | 1,372,540 | 59,993 | 6.9 | 3% |
| 2022 | 1,734,246 | 1,606,704 | 127,542 | 6.9 | 4% |
In its most recent public year (2022), this organization brought in $127,542 more than it spent. Its reserves stood at about 6.9 months of spending, down from 56.3 in 2016. Staff pay was 4% of spending. $905,583 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2022. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
New Jersey Korean American Mutual Aid Association Inc's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works