KOREAN AMERICAN ASSOCIATION OF INDIANA INC Charity Report

Public IRS 990 nonprofit record

KOREAN AMERICAN ASSOCIATION OF INDIANA INC

EIN 83-2643174 · Ethnic & Immigrant Centers (P84)

What they do

to Promote Fellowship and Ties Between Korean-Americans Contributing to The Development of Korean American Society.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

70.60%of revenue went to mission work76.6% of expenses · Program services

13.75%of revenue went to fundraising14.9% of expenses

$92.19spent for every $100 of revenueRevenue covered expenses this year.

7.83%of revenue went to management and office costs8.5% of expenses

$1.12in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$105,351

Mission workProgram services$74,38270.60% of revenue76.6% of expenses

ManagementOffice and general costs$8,2487.83% of revenue8.5% of expenses

FundraisingAsking for donations$14,49013.75% of revenue14.9% of expenses

Revenue left after expensesReported annual surplus$8,2317.81% of revenueShown in gray on the chart

Total expenses$97,12092.19% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.6% mission · 8.5% management · 14.9% fundraisingTotal expenses: 92.19% of revenue

2020Expense mix: 81.9% mission · 18.1% management · 0.0% fundraisingTotal expenses: 158.10% of revenue

2019Expense mix: 70.3% mission · 6.2% management · 23.5% fundraisingTotal expenses: 48.58% of revenue

Money in and money out

Revenue$105,351

Expenses$97,120

Annual surplus $8,231 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$74,382 · 76.6% of expenses

Management and office costs$8,248 · 8.5% of expenses

Fundraising$14,490 · 14.9% of expenses

See all reported dollar amounts

Revenue$105,351

Expenses$97,120

Assets$108,428

Income$105,351

Contributions$105,351

Mission work (program services)$74,382

Fundraising$14,490

Management and general$8,248

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (16)

RICHARD Y RYUTREASURER

TAEDOO KIMCHIEF ADMINISTRATOR

SUNG J KIMVICE PRESIDENT

SUL LEEDIRECTOR OF MEDICAL BUREAU

SONG Y KANGAUDIT DIRECTOR

SEOK B YUNDIRECTOR

SANGYONG LEESECRETARY GENERAL

SAMUEL K HUHDIRECTOR

SAM YOUNG SONGDIRECTOR

RAE BASBAGILLDIRECTOR OF BUSINESS DEVELOPMENT

LEWIS LEEDIRECTOR

JUNGKOOK LEEDIRECTOR OF STRATEGIC PLANNING

JOHN J LEEDIRECTOR OF EDUCATION

HAI SOO WOOPRESIDENT

HAE LEE CHODIRECTOR OF LAW

BJ SUNGDIRECTOR

About this charity

Recognized since: January 2020
Location: 8510 CENTER RUN RD STE A, INDIANAPOLIS, IN 46250-4569
County: Marion
In care of: % SANGYONG LEE
Primary officer: SANGYONG LEE, Secretary General

How to reach them

WebsiteVisit the charity’s website Phone(317) 345-6958 Officer phone(317) 502-9554

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: RYR ACCOUNTING & BUSINESS CONSULTIN
NTEE classification: Ethnic & Immigrant Centers (P84)
IRS tax category: Ethnic & Immigrant Centers