KOREAN AMERICAN FAMILY SERVICES INC Charity Report

Public IRS 990 nonprofit record

KOREAN AMERICAN FAMILY SERVICES INC

EIN 95-3899329 · Human Services (P840)

What they do

to SUPPORT and STRENGTHEN KOREAN AMERICAN FAMILIES and INDIVIDUALS IN THE GREATER LOS ANGELES AREA THROUGH COUNSELING, EDUCATION, and OTHER SOCIAL SERVICES. SINCE ITS INCEPTION IN 1983, KFAM HAS PROVIDED ASSISTANCE to TENS of THOUSANDS of KOREAN AMERICANS PARTICULARLY WOMEN, CHILDREN, IMMIGRANTS, and LOW-INCOME FAMILIES. KFAM SPECIALIZES IN PROVIDING LINGUISTICALLY and CULTURALLY APPROPRIATE SERVICES THROUGH ITS BILINGUAL and BICULTURAL STAFF.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $94.90 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 leaders18 people are listed in the latest report.

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

Money made simple

83.13%of revenue went to mission work94.9% of expenses · Program services

0.31%of revenue went to fundraising0.3% of expenses

$87.57spent for every $100 of revenueRevenue covered expenses this year.

4.14%of revenue went to management and office costs4.7% of expenses

$1.16in assets for every $1 spent this yearSome assets cannot be spent right away.

96.7%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.

Pay context: The highest compensation shown in this filing is $137,946 for KATHERINE YEOM (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

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$9,104,479

Mission workProgram services$7,568,22683.13% of revenue94.9% of expenses

ManagementOffice and general costs$376,8544.14% of revenue4.7% of expenses

FundraisingAsking for donations$27,9050.31% of revenue0.3% of expenses

Revenue left after expensesReported annual surplus$1,131,49412.43% of revenueShown in gray on the chart

Total expenses$7,972,98587.57% 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: 94.9% mission · 4.7% management · 0.3% fundraisingTotal expenses: 87.57% of revenue

2023Expense mix: 91.4% mission · 8.3% management · 0.4% fundraisingTotal expenses: 73.19% of revenue

2022Expense mix: 91.9% mission · 7.6% management · 0.4% fundraisingTotal expenses: 84.32% of revenue

2021Expense mix: 94.6% mission · 4.9% management · 0.5% fundraisingTotal expenses: 91.14% of revenue

2020Expense mix: 94.8% mission · 4.9% management · 0.3% fundraisingTotal expenses: 98.94% of revenue

2019Expense mix: 91.7% mission · 8.1% management · 0.2% fundraisingTotal expenses: 97.90% of revenue

2018Expense mix: 96.2% mission · 3.7% management · 0.1% fundraisingTotal expenses: 96.88% of revenue

2017Expense mix: 95.9% mission · 3.7% management · 0.3% fundraisingTotal expenses: 99.00% of revenue

Money in and money out

Revenue$9,104,479

Expenses$7,972,985

Annual surplus $1,131,494 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)$7,568,226 · 94.9% of expenses

Management and office costs$376,854 · 4.7% of expenses

Fundraising$27,905 · 0.3% of expenses

See all reported dollar amounts

Revenue$9,104,479

Expenses$7,972,985

Assets$9,209,617

Income$9,585,942

Contributions$8,805,865

Mission work (program services)$7,568,226

Fundraising$27,905

Management and general$376,854

Executive compensation (total)$199,073

Stocks and bonds$2,027,260

Accounting fees$46,679

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

KATHERINE YEOMEXECUTIVE DIRECTOR · 55 hrs/week $137,946Base $129,894 · Other $8,052

JENNIFER OHDEPUTY DIRECTOR · 50 hrs/week $114,330Base $112,538 · Other $1,792

AMY YIFINANCE MANAGER · 50 hrs/week $77,559Base $68,052 · Other $9,507

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (18)

KATHERINE YEOMEXECUTIVE DIRECTOR

JENNIFER OHDEPUTY DIRECTOR

AMY YIFINANCE MANAGER

BRIAN CHOIDIRECTOR

CHARLES YOOBOARD CHAIR

DAVID KIMDIRECTOR

ELISA LEETREASURER

EUGENE KIMVICE CHAIR

HENRY BYUNDIRECTOR

ANTHONY KIMDIRECTOR

JENNIFER SEODIRECTOR

JINA PARKDIRECTOR

ALIX NAMDIRECTOR

KENNETH SEUNGDIRECTOR

LINDA KWAKDIRECTOR

LISA YANGSECRETARY

REGINA YOONDIRECTOR

YUN KIMDIRECTOR

About this charity

Recognized since: January 1984
Location: 3727 W 6TH ST STE 320, LOS ANGELES, CA 90020-5108
County: Los Angeles
In care of: KATHERINE YEOM
Primary officer: KATHERINE YEOM, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailadmin@kfamla.org Phone(213) 389-6755

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: VASQUEZ & COMPANY LLP
NTEE classification: Human Services (P840)
IRS tax category: Services for the Elderly and Persons with Disabilities