Korean American Garment Ind Assoc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 149,024 | 147,600 | 1,424 | 2.0 | 26% |
| 2012 | 170,473 | 153,026 | 17,447 | 3.3 | 12% |
| 2013 | 145,363 | 135,631 | 9,732 | 4.6 | 13% |
| 2014 | 125,007 | 126,668 | −1,661 | 4.7 | 19% |
| 2015 | 96,382 | 104,430 | −8,048 | 1.2 | 26% |
| 2018 | 84,839 | 79,542 | 5,297 | 1.9 | 0% |
| 2019 | 86,365 | 91,092 | −4,727 | 1.0 | 5% |
| 2020 | 84,258 | 81,907 | 2,351 | 1.5 | 7% |
| 2021 | 105,992 | 104,710 | 1,282 | 1.3 | 0% |
| 2022 | 76,569 | 88,014 | −11,445 | -0.0 | 14% |
| 2023 | 53,955 | 62,847 | −8,892 | -1.7 | 19% |
In its most recent public year (2023), this organization spent $8,892 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.7 months), down from 2 in 2011. Staff pay was 19% 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
Korean American Garment Ind Assoc'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