Is Federation Of Korean Associations Se Usa Inc Legit?
Quick charity verification for Federation Of Korean Associations Se Usa Inc (EIN: 203045688)
Verdict: Federation Of Korean Associations Se Usa Inc appears trustworthy
85/100Mission Score
$191KRevenue
$15KAssets
1Red Flags
4Strengths
Red Flags
Significant decrease in assets from $127,531 in 2021 to $37,362 in 2023 without clear explanation in summary data.
Strengths
Consistent financial surpluses, such as $21,660 in 2023 ($188,833 revenue - $167,173 expenses).
0% officer compensation reported across all filings, indicating efficient use of funds.
No reported liabilities in any filing period, demonstrating strong financial health.
Long history of IRS 990 filings (7 filings), indicating good transparency and compliance.
Spending Breakdown
How Federation Of Korean Associations Se Usa 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
5%
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 Federation Of Korean Associations Se Usa Inc
Is Federation Of Korean Associations Se Usa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Federation Of Korean Associations Se Usa Inc (EIN: 203045688) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Federation Of Korean Associations Se Usa Inc a good charity to donate to?
Federation Of Korean Associations Se Usa Inc has a Mission Score of 85/100. Revenue: $191K. Assets: $15K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Federation Of Korean Associations Se Usa Inc?
The Employer Identification Number (EIN) for Federation Of Korean Associations Se Usa Inc is 203045688. 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 Federation Of Korean Associations Se Usa Inc spend its money?
Federation Of Korean Associations Se Usa Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Federation Of Korean Associations Se Usa Inc's tax-exempt status?
You can verify Federation Of Korean Associations Se Usa Inc's tax-exempt status using EIN 203045688 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
Federation Of Korean Associations Se Usa Inc demonstrates a generally stable financial position, with revenues fluctuating but consistently exceeding expenses in most recent periods. For instance, in 2023, revenue was $188,833 against expenses of $167,173, indicating a surplus. The organization's assets have shown growth over time, from $12,894 in 2011 to $37,362 in 2023, though there was a significant drop from $127,531 in 2021. A key strength is the consistent reporting of 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards its mission rather than executive salaries. The absence of liabilities in all reported periods further indicates sound financial management and a low-risk profile.
While specific program spending details are not provided in the summary data, the consistent surplus and lack of executive compensation suggest a focus on efficient use of funds. The organization's transparency is good, with multiple IRS 990 filings available, allowing for a historical review of its financial activities. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The fluctuation in assets, particularly the decrease from 2021 to 2023, warrants further investigation to understand the underlying reasons.
Overall, the organization appears to be financially healthy and responsibly managed, especially given its consistent surpluses and zero officer compensation. Its long filing history and consistent financial reporting contribute to its transparency. Further detailed expense data would enhance the ability to fully assess its spending efficiency and program impact.