Public Charity

FEDERAL WAY KOREAN AMERICAN ASSOCIATION

FEDERAL WAY KOREAN AMERICAN ASSOCIATION, of FEDERAL WAY, WA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $588K in revenue, $256K in expenses, $546K in total assets. 10 publicly reported grants to this organization, totaling roughly $806K, appear in IRS filings.

EIN: 264454681 FEDERAL WAY, WA Public & Societal Benefit N.E.C. NTEE: W99 Latest filing: 2024
Total Revenue$588K
Total Expenses$256K
Total Assets$546K
Grant Records10
Funding Total$806K
Filing Years2018–2024

Mission

TO SEEK THE DEVELOPMENT OF THE KOREAN COMMUNITIES OF FEDERAL WAY AND ITS NEIGHBORING AREAS, TO DEVELOP KOREAN AMERICAN CULTURE AND HELP ARTICULATE THE SHARED VALUES OF KOREAN AMERICANS AS A COMMUNITY, AND TO PROMOTE COOPERATION AND BETTER UNDERSTANDING BETWEEN THE KOREAN AMERICAN COMMUNITY AND OTHER RACIAL/ETHNIC GROUPS IN THE U.S., INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

Where $100 goes at Federal Way Korean American Association

How Federal Way Korean American Association divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$89 Programs the work itself
$11 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $89 for programs

$45
Fwkaa provides community event to seek the development of the korean communities of Federal Way and its neighboring areas, to develop korean american culture and help articulate the…
About 50% (cost not reported)
$44
Korean cultural events for korean american community in the city of Federal Way area, washington
50% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT Daniel Kim

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$795,551 9 grants
Environment & Conservation
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $588K $256K $546K
2023 $88K $61K $214K
2022 $203K $92K $201K
2019 $271K $206K $356K
2018 $255K $180K $286K

Between 2018 and 2024, reported annual revenue grew from $255K to $588K (+130%), with total assets most recently reported at $546K.

Interactive year-over-year charts and full filing details available with membership.

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