Mukunghwa Korean School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 24,953 | 22,030 | 2,923 | 24.7 | — |
| 2012 | 24,685 | 25,116 | −431 | 21.4 | — |
| 2013 | 20,322 | 21,127 | −805 | 25.0 | — |
| 2014 | 21,251 | 28,066 | −6,815 | 15.9 | — |
| 2015 | 17,865 | 17,730 | 135 | 25.3 | — |
| 2016 | 17,993 | 15,890 | 2,103 | 29.8 | — |
| 2017 | 17,870 | 18,634 | −764 | 24.9 | — |
| 2018 | 11,747 | 13,102 | −1,355 | 34.2 | — |
| 2019 | 13,845 | 16,572 | −2,727 | 25.1 | — |
| 2020 | 10,222 | 16,911 | −6,689 | 19.8 | — |
| 2021 | 21,780 | 26,579 | −4,799 | 10.5 | — |
| 2022 | 17,925 | 33,102 | −15,177 | 2.9 | — |
| 2023 | 17,744 | 36,383 | −18,639 | -3.5 | — |
In its most recent public year (2023), this organization spent $18,639 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.5 months), down from 24.7 in 2011.
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
Mukunghwa Korean School's IRS filings as a feed — one entry per filing year, through 2023. 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