Korean-american Contemporary Arts is a 501(c)(3) organization based in Fort Lee, New Jersey, registered in 2001, with $10,022 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$10K
▼ 24.6% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$5,700
Net assets
$20K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Korean-american Contemporary Arts— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Korean-american Contemporary Arts: 43 mo reserves · +43% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Korean-american Contemporary Arts— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Korean-american Contemporary Arts: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $12K (FY2011) to $10K (FY2024) across 13 reported years.
Financial snapshot
Operating margin
43.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$20K
Net assets
$20K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,022▼24.6% | $5,700▼50.5% | $20,215▲38.3% | $20,215▲38.3% | 990EZ |
| 2022 | $13,300▲31.4% | $11,520▲29.5% | $14,612▲13.9% | $14,612▲13.9% | 990EZ |
| 2021 | $10,121▲164% | $8,898▲121% | $12,832▲10.5% | $12,832▲10.5% | 990EZ |
| 2020 | $3,829▼73.8% | $4,034▼74.6% | $11,609▼1.7% | $11,609▼1.7% | 990EZ |
| 2019 | $14,590▼23.8% | $15,879▼8.3% | $11,814▼9.8% | $11,814▼9.8% | 990EZ |
| 2018 | $19,155▲25.6% | $17,307▲1.1% | $13,103▲16.4% | $13,103▲16.4% | 990EZ |
| 2017 | $15,250▼17.4% | $17,112▼13.8% | $11,255▼14.2% | $11,255▼14.2% | 990EZ |
| 2016 | $18,458▲69.8% | $19,846▲63.7% | $13,117▼9.6% | $13,117▼9.6% | 990EZ |
| 2015 | $10,870▼43.7% | $12,126▼24.1% | $14,505▼8.0% | $14,505▼8.0% | 990EZ |
| 2014 | $19,322▲47.0% | $15,986▲27.6% | $15,761▲26.8% | $15,761▲26.8% | 990EZ |
| 2013 | $13,140▼22.8% | $12,527▼28.1% | $12,425▲5.2% | $12,425▲5.2% | 990EZ |
| 2012 | $17,030▲39.5% | $17,425▲68.4% | $11,812▼3.2% | $11,812▼3.2% | 990EZ |
| 2011 | $12,210 | $10,348 | $12,207 | $12,207 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Korean-american Contemporary Arts (EIN 13-4076775) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.