Korean-american Lawyers Association of New York Inc
501(c)(6)Community
Only null% goes to programs Strong reserves Growing revenue
Korean-american Lawyers Association of New York Inc is a 501(c)(6) organization based in New York, New York, registered in 2003, with $374,942 in FY2024 revenue. CharityIndex grades it B.
Po Box 2152, New York, NY, 10163 EIN 13-3354702 Since 2003
Revenue (FY2024)
$375K
▲ 1.3% vs prior year
Community median: $184K
Expenses (FY2024)
$335K
Net assets
$449K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
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 →—Program efficiency40% of the ratingNo expense breakdown in filings
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 Lawyers Association of New York Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +11% margin
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 Lawyers Association of New York Inc: 16 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Lawyers Association of New York Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
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 Lawyers Association of New York Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 2152, New York, NY, 10163
- City
- New York
- State
- New York
- Subcategory
- Business & Industry Associations
- Website
- …
Financial trends
Revenue grew from $44K (FY2010) to $375K (FY2024) across 14 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $449K
Operating margin
10.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$449K
Total liabilities
$0
Net assets
$449K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $374,942▲1.3% | $334,597▲6.2% | $449,360▲9.9% | $449,360▲9.9% | 990 |
| 2023 | $370,107▼1.3% | $315,158▲4.5% | $409,015▲15.5% | $409,015▲15.5% | 990 |
| 2022 | $374,810▲140% | $301,605▲78.8% | $354,066▲26.1% | $354,066▲26.1% | 990 |
| 2021 | $156,020▲60.9% | $168,700▲84.7% | $280,861▼4.3% | $280,861▼4.3% | 990 |
| 2020 | $96,945▼58.6% | $91,313▼58.2% | $293,541▲2.0% | $293,541▲2.0% | 990 |
| 2019 | $233,974▲2.8% | $218,246▲12.1% | $287,909▲5.8% | $287,909▲5.8% | 990 |
| 2018 | $227,499▲130% | $194,609▲85.7% | $272,181▲13.7% | $272,181▲13.7% | 990 |
| 2017 | $98,703▲19.7% | $104,819▲30.3% | $239,291▼2.5% | $239,291▼2.5% | 990EZ |
| 2016 | $82,493▲39.5% | $80,425▲64.7% | $245,407▲0.8% | $245,407▲0.8% | 990EZ |
| 2015 | $59,124▼58.6% | $48,832▲75.7% | $243,339▲4.4% | $243,339▲4.4% | 990EZ |
| 2014 | $142,951▲358% | $27,794▲21.6% | $233,047▲97.7% | $233,047▲97.7% | 990EZ |
| 2013 | $31,228▼51.8% | $22,863▼7.3% | $117,890▲64.7% | $117,890▲64.7% | 990EZ |
| 2011 | $64,842▲48.9% | $24,659▲20.4% | $71,590▲128% | $71,590▲128% | 990EZ |
| 2010 | $43,556 | $20,484 | $31,407 | $31,407 | 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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Frequently asked questions
- Is Korean-american Lawyers Association of New York Inc a legitimate nonprofit?
- Yes. Korean-american Lawyers Association of New York Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 13-3354702, based in New York, New York.
- What is Korean-american Lawyers Association of New York Inc's EIN?
- Korean-american Lawyers Association of New York Inc's Employer Identification Number (EIN) is 13-3354702.
- How much revenue does Korean-american Lawyers Association of New York Inc report?
- Korean-american Lawyers Association of New York Inc reported $374,942 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Korean-american Lawyers Association of New York Inc have?
- CharityIndex grades Korean-american Lawyers Association of New York Inc B, based on financial health (reserves and operating margin).
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Data for Korean-american Lawyers Association of New York Inc (EIN 13-3354702) 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.