Is Don & Susan Kang Charitable Foundation…

Quick charity verification for Don & Susan Kang Charitable Foundation Inc (EIN: 203757896)

Spending Breakdown

How Don & Susan Kang Charitable Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Don & Susan Kang Charitable Foundation Inc

Is Don & Susan Kang Charitable Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Don & Susan Kang Charitable Foundation Inc (EIN: 203757896) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.

Is Don & Susan Kang Charitable Foundation Inc a good charity to donate to?

Don & Susan Kang Charitable Foundation Inc has a Mission Score of 65/100. Revenue: $85K. Assets: $83K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Don & Susan Kang Charitable Foundation Inc?

The Employer Identification Number (EIN) for Don & Susan Kang Charitable Foundation Inc is 203757896. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Don & Susan Kang Charitable Foundation Inc spend its money?

Don & Susan Kang Charitable Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Don & Susan Kang Charitable Foundation Inc's tax-exempt status?

You can verify Don & Susan Kang Charitable Foundation Inc's tax-exempt status using EIN 203757896 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Don & Susan Kang Charitable Foundation Inc. exhibits inconsistent financial activity over its filing history. While the organization has filed 9 Form 990s, indicating a commitment to basic transparency, its financial health appears volatile. For instance, in 2022, the foundation reported revenue of $52,595 against expenses of $112,550, resulting in a significant deficit. This follows a strong year in 2021 with $325,921 in revenue and $310,716 in expenses, but also a negative revenue year in 2019 ($-3,987). The foundation's assets have also seen a substantial decline from a high of $922,895 in 2011 to $83,472 in 2022, while liabilities have fluctuated, reaching $62,302 in 2022.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests that the organization is not incurring significant executive overhead. The NTEE code T22 (Private Grantmaking Foundations) implies that its primary 'program' activity would be making grants, which typically have lower direct operational costs compared to service-delivery organizations.

Overall, the foundation demonstrates a basic level of transparency through its consistent 990 filings. However, the significant decline in assets and the recurring operational deficits in several years raise questions about its long-term financial sustainability and the consistency of its grantmaking capacity. The lack of detailed expense breakdowns beyond total expenses limits a deeper analysis of spending efficiency.

Is Don & Susan Kang Charitable Foundation Inc Legit?

Verdict: Don & Susan Kang Charitable Foundation Inc shows mixed signals

Red Flags

Strengths