Assets have grown steadily from $15,521 in 2021 to $31,886 in 2023.
Spending Breakdown
How Grace Korean Church allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Grace Korean Church
Is Grace Korean Church a legitimate charity?
Based on AI analysis of IRS 990 filings, Grace Korean Church (EIN: 200615467) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Grace Korean Church a good charity to donate to?
Grace Korean Church has a Mission Score of 85/100. Revenue: $235K. Assets: $72K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grace Korean Church?
The Employer Identification Number (EIN) for Grace Korean Church is 200615467. 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 Grace Korean Church spend its money?
Grace Korean Church allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grace Korean Church's tax-exempt status?
You can verify Grace Korean Church's tax-exempt status using EIN 200615467 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
Grace Korean Church demonstrates a consistent pattern of financial growth over the past three years, with revenue increasing from $75,452 in 2021 to $167,779 in 2023. The organization maintains a healthy financial position with zero reported liabilities across all three filings, indicating strong fiscal management and no reliance on debt. Assets have also grown significantly, from $15,521 in 2021 to $31,886 in 2023, further solidifying its financial stability.
The organization's spending efficiency appears strong, with expenses consistently below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $153,312 against revenues of $167,779. A key indicator of transparency and good governance is the reported 0% officer compensation across all filings, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. The NTEE code X21 (Religious Organizations) typically implies a focus on religious programs and community services, which aligns with the general mission of a church.