Korean-american Seniors Association of Oc is a 501(c)(3) organization based in Garden Grove, California, registered in 1996, with $321,934 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$322K
▲ 53.9% vs prior year
Expenses (FY2024)
$347K
Net assets
$757K
Employees
—
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 Seniors Association of Oc— 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 Seniors Association of Oc: 26 mo reserves · -8% margin earns a B+ 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 Seniors Association of Oc— 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 Seniors Association of Oc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $494K (FY2013) to $322K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-7.9%
Spent more than it raised in the latest fiscal year.
Total assets
$1.0M
Total liabilities
$270K
Net assets
$757K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $321,934▲53.9% | $347,258▲41.7% | $757,248▼3.2% | $1,027,248▼3.3% | 990 |
| 2023 | $209,186▼38.0% | $245,141▼39.6% | $782,572▲1.8% | $1,062,572▲38.2% | 990 |
| 2022 | $337,256▼13.3% | $405,531▼4.0% | $768,911▼11.1% | $768,911▼11.1% | 990 |
| 2021 | $389,141▲504% | $422,333▲489% | $864,582▼6.7% | $864,582▼6.7% | 990 |
| 2020 | $64,414▼86.6% | $71,728▼82.1% | $926,241▼0.8% | $926,241▼0.8% | 990 |
| 2019 | $482,433▼2.6% | $400,294▼6.1% | $933,953▲0.7% | $933,953▲0.7% | 990 |
| 2018 | $495,516▲11.5% | $426,341▼1.5% | $927,038▼0.1% | $927,038▼0.1% | 990 |
| 2017 | $444,246▼11.3% | $432,675▼12.9% | $928,209▼5.9% | $928,209▼5.9% | 990 |
| 2016 | $501,055▼10.8% | $496,682▼1.7% | $986,875▲2.1% | $986,875▲2.1% | 990 |
| 2015 | $561,614▲36.2% | $505,277▲16.9% | $966,124▲26.6% | $966,124▲26.6% | 990 |
| 2014 | $412,265▼16.6% | $432,051▼5.7% | $763,012▲3.9% | $763,012▲3.9% | 990 |
| 2013 | $494,187 | $458,407▲14.7% | $734,530▲19.5% | $734,530▲19.5% | 990 |
| 2011 | — | $399,762▲48.6% | $614,586▲2.4% | $614,586▲2.4% | 990 |
| 2010 | — | $269,011 | $600,362 | $600,362 | 990 |
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 Seniors Association of Oc (EIN 33-0413664) 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.