Korea Defense Veterans Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 364,551 | 145,597 | 218,954 | 18.0 | 24% |
| 2018 | 351,226 | 461,068 | −109,842 | 2.8 | 13% |
| 2019 | 404,116 | 390,955 | 13,161 | 3.8 | 33% |
| 2020 | 427,709 | 428,678 | −969 | 3.4 | 40% |
| 2021 | 435,746 | 403,949 | 31,797 | 4.5 | 46% |
| 2022 | 647,183 | 664,977 | −17,794 | 2.9 | 35% |
| 2023 | 922,560 | 910,928 | 11,632 | 2.2 | 29% |
In its most recent public year (2023), this organization brought in $11,632 more than it spent. Its reserves stood at about 2.2 months of spending, down from 18 in 2017. Staff pay was 29% of spending.
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 2023. 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
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