AI Transparency Report
Kor Education School demonstrates a consistent pattern of financial growth and responsible management over the past decade. Revenue has steadily increased from $713,355 in 2014 to $1,279,292 in 2023, indicating growing support and operational capacity. The organization consistently maintains a healthy surplus, with expenses significantly lower than revenue in most years (e.g., $1,279,292 revenue vs. $976,538 expenses in 2023), allowing for asset accumulation. Assets have grown substantially from $1,151,015 in 2014 to $2,668,341 in 2023, suggesting strong financial stability and capacity for future programs.
Spending efficiency appears strong, as evidenced by the consistent surpluses and asset growth. The organization's liabilities have remained very low across all reported periods, often negligible (e.g., $62 in 2023, $122,307 in 2022, $0 in 2017), indicating a low debt burden and sound financial practices. The absence of reported officer compensation across all filings suggests that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator of resource allocation directly to mission, though further detail would enhance transparency.
Overall, Kor Education School exhibits robust financial health, efficient spending given its consistent surpluses and asset growth, and a high degree of transparency regarding executive compensation (or lack thereof). The consistent growth in revenue and assets, coupled with minimal liabilities, paints a picture of a well-managed and financially stable nonprofit dedicated to its mission.