KOREAN SERVICE CENTER INC

MINNEAPOLIS, MN, 55454-1259 (612) 342-1344 Est. 1990 EIN 41-1678348

P81Z— Human Services Form 990 501(c)(3)

www.koreanservicemn.org

Mission

The Korean Service Center is dedicated to provide needed resources and services to vulnerable Koreans and other immigrant-Americans while striving to promote their rich cultural heritage for all international people.

Financials

Total Revenue

$2,309,169

Total Expenses

$1,695,224

Net Assets

$2,910,065

35 employees 100 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

20.6 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 11.8%

Expenses ↑ 7.0%

Revenue Sources

Contributions 30.3% Earned revenue 66.6% Investment 2.9%

Expense Breakdown

Program 76.9% Management 23.1%

Officers & Key Employees (12)

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Grants Received (16)

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Filing History (7 filings)

Year	Revenue	Expenses	Net Assets
2024 Form 990	$2,309,169 ↑	$1,695,224	$2,910,065
2023 Form 990	$2,066,189 ↓	$1,584,853	$2,289,178
2022 Form 990	$2,098,454 ↑	$1,491,404	$1,798,047
2021 Form 990	$1,929,526 ↑	$1,403,384	$1,200,889
2020 Form 990	$1,861,860 ↑	$1,423,769	$674,747
2019 Form 990	$1,455,369 ↓	$1,394,787	$236,656
2018 Form 990	$1,472,783	$1,434,973	$176,074