Korean-american Womens Association of Michigan is a 501(c)(3) organization based in Livonia, Michigan, registered in 1994, with $32,463 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$32K
▲ 36.5% vs prior year
Community median: $184K
Expenses (FY2024)
$30K
Net assets
$58K
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 Womens Association of Michigan— 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 Womens Association of Michigan: 23 mo reserves · +8% 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 Womens Association of Michigan— 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 Womens Association of Michigan: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $5,023 (FY2014) to $32K (FY2024) across 11 reported years.
Financial snapshot
Operating margin
7.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$58K
Total liabilities
$0
Net assets
$58K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $32,463▲36.5% | $29,911▲38.3% | $58,488▲4.6% | $58,488▲4.6% | 990 |
| 2023 | $23,788▼38.4% | $21,629▼43.0% | $55,936▲4.0% | $55,936▲4.0% | 990 |
| 2022 | $38,643▲289% | $37,968▲164% | $53,777▲1.3% | $53,777▲1.3% | 990 |
| 2021 | $9,942▲136% | $14,367▲76.4% | $53,102▼7.7% | $53,102▼7.7% | 990 |
| 2020 | $4,221▼81.7% | $8,145▼12.1% | $57,527▼6.4% | $57,527▼6.4% | 990 |
| 2019 | $23,054▲82.9% | $9,271▲7.9% | $61,451▲28.9% | $61,451▲28.9% | 990 |
| 2018 | $12,604▲5.1% | $8,596▼4.2% | $47,668▲9.2% | $47,668▲9.2% | 990 |
| 2017 | $11,990▲81.2% | $8,977▼4.2% | $43,660▲7.4% | $43,660▲7.4% | 990 |
| 2016 | $6,618▼57.3% | $9,373▼28.0% | $40,647▼6.3% | $40,647▼6.3% | 990 |
| 2015 | $15,497▲209% | $13,012▼69.5% | $43,402▲6.1% | $43,402▲6.1% | 990 |
| 2014 | $5,023 | $42,725▲246% | $40,917▼53.5% | $40,917▼55.9% | 990 |
| 2012 | — | $12,366 | $88,013 | $92,719 | 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 Womens Association of Michigan (EIN 38-3153944) 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.