Los Angeles Korean Festival Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 746,702 | 690,487 | 56,215 | -0.8 | 1% |
| 2012 | 881,253 | 813,297 | 67,956 | 0.3 | 5% |
| 2013 | 898,822 | 828,318 | 70,504 | 1.3 | 11% |
| 2014 | 841,532 | 783,583 | 57,949 | 0.8 | 12% |
| 2015 | 931,581 | 961,463 | −29,882 | 0.9 | 8% |
| 2016 | 917,513 | 1,033,855 | −116,342 | -0.8 | 7% |
| 2017 | 1,066,073 | 913,703 | 152,370 | 1.2 | 6% |
| 2018 | 1,088,140 | 1,229,651 | −141,511 | -0.5 | 5% |
| 2019 | 849,279 | 730,531 | 118,748 | 1.8 | 9% |
| 2020 | 41,168 | 146,964 | −105,796 | -0.3 | 36% |
| 2021 | 139,799 | 144,538 | −4,739 | -0.7 | 9% |
| 2022 | 1,054,561 | 1,027,020 | 27,541 | 0.2 | 5% |
| 2023 | 1,361,136 | 1,301,991 | 59,145 | 0.9 | 7% |
In its most recent public year (2023), this organization brought in $59,145 more than it spent. Its reserves stood at about 0.9 months of spending, up from -0.8 in 2011. Staff pay was 7% 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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