Korean American Insurance Professional Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 96,303 | 69,623 | 26,680 | 6.6 | 0% |
| 2012 | 85,565 | 75,063 | 10,502 | 7.5 | 0% |
| 2013 | 62,505 | 70,858 | −8,353 | 6.6 | 0% |
| 2014 | 57,637 | 66,131 | −8,494 | 5.6 | 0% |
| 2015 | 71,441 | 72,225 | −784 | 5.0 | 0% |
| 2016 | 47,696 | 47,360 | 336 | 7.7 | 0% |
| 2017 | 54,049 | 61,053 | −7,004 | 4.6 | 0% |
| 2018 | 53,888 | 48,811 | 5,077 | 7.0 | 0% |
| 2019 | 45,047 | 53,423 | −8,376 | 4.5 | 0% |
| 2020 | 17,517 | 8,783 | 8,734 | 39.2 | 0% |
| 2021 | 26,855 | 37,854 | −10,999 | 5.6 | 0% |
| 2022 | 0 | 0 | 0 | — | — |
| 2023 | 222,104 | 190,478 | 31,626 | 3.1 | 0% |
In its most recent public year (2023), this organization brought in $31,626 more than it spent. Its reserves stood at about 3.1 months of spending, down from 6.6 in 2011. Staff pay was 0% 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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