Foundation For Korean Language & Culture In The Usa
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 454,340 | 361,337 | 93,003 | 5.5 | 8% |
| 2012 | 506,746 | 494,653 | 12,093 | 4.3 | 0% |
| 2013 | 525,804 | 402,813 | 122,991 | 8.9 | 12% |
| 2014 | 571,755 | 457,737 | 114,018 | 10.9 | 10% |
| 2015 | 267,336 | 282,707 | −15,371 | 16.9 | 13% |
| 2016 | 641,428 | 474,344 | 167,084 | 14.3 | 10% |
| 2017 | 542,048 | 423,941 | 118,107 | 19.4 | 8% |
| 2018 | 650,620 | 600,429 | 50,191 | 14.7 | 11% |
| 2019 | 431,179 | 493,531 | −62,352 | 16.3 | 16% |
| 2020 | 232,244 | 308,893 | −76,649 | 22.5 | 16% |
| 2021 | 555,352 | 633,015 | −77,663 | 9.5 | 7% |
| 2022 | 1,342,071 | 744,704 | 597,367 | 17.7 | 5% |
| 2023 | 753,467 | 314,563 | 438,904 | 58.7 | 24% |
In its most recent public year (2023), this organization brought in $438,904 more than it spent. Its reserves stood at about 58.7 months of spending, up from 5.5 in 2011. Staff pay was 24% 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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