Orange County Korean American Bar A Ssociation is a 501(c)(6) organization based in Newport Beach, California, registered in 2007, with $14,624 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$15K
▼ 65.9% vs prior year
Community median: $184K
Expenses (FY2024)
$40K
Net assets
$20K
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 Orange County Korean American Bar A Ssociation— 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 Orange County Korean American Bar A Ssociation: 6 mo reserves · -171% margin earns a F 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 Orange County Korean American Bar A Ssociation— 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 Orange County Korean American Bar A Ssociation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $43K (FY2023) to $15K (FY2024) across 2 reported years.
Financial snapshot
Operating margin
-171.0%
Spent more than it raised in the latest fiscal year.
Total assets
$20K
Total liabilities
$0
Net assets
$20K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $14,624▼65.9% | $39,626▲83.2% | $19,718▼55.9% | $19,718▼55.9% | 990EZ |
| 2023 | $42,903 | $21,626 | $44,720 | $44,720 | 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 Orange County Korean American Bar A Ssociation (EIN 20-3787053) 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.