Korea Arts Foundation Of America
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 12,714 | 10,062 | 2,652 | 122.1 | — |
| 2014 | 8,577 | 8,277 | 300 | 148.9 | — |
| 2015 | 20,008 | 15,486 | 4,522 | 83.1 | — |
| 2016 | 18,770 | 9,414 | 9,356 | 148.6 | — |
| 2017 | 13,076 | 10,759 | 2,317 | 132.6 | — |
| 2018 | 16,478 | 12,443 | 4,035 | 118.6 | — |
| 2019 | 14,874 | 33,955 | −19,081 | 36.7 | — |
| 2020 | 27,171 | 14,215 | 12,956 | 98.6 | — |
| 2021 | 22,297 | 22,045 | 252 | 63.7 | — |
| 2022 | 22,485 | 17,323 | 5,162 | 84.7 | — |
| 2023 | 12,703 | 19,709 | −7,006 | 70.2 | — |
In its most recent public year (2023), this organization spent $7,006 more than it brought in. Its reserves stood at about 70.2 months of spending, down from 122.1 in 2013.
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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