Is Kor Education School Legit?

Quick charity verification for Kor Education School (EIN: 201183373)

Verdict: Kor Education School appears trustworthy

90/100Mission Score

$1.5MRevenue

$3.3MAssets

1Red Flags

5Strengths

Red Flags

No reported officer compensation for an organization with over $1 million in revenue, which could indicate compensation is reported in other categories or a reliance on unpaid leadership that may not be sustainable long-term.

Strengths

Consistent revenue growth over a decade, from $713,355 in 2014 to $1,279,292 in 2023.
Strong asset accumulation, growing from $1,151,015 in 2014 to $2,668,341 in 2023.
Consistent financial surpluses, with expenses significantly lower than revenue in most periods (e.g., $1,279,292 revenue vs. $976,538 expenses in 2023).
Very low liabilities across all reported periods, indicating minimal debt and strong financial health.
High program focus implied by consistent surpluses and asset growth, suggesting resources are effectively managed for mission delivery.

Spending Breakdown

How Kor Education School 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 Kor Education School

Is Kor Education School a legitimate charity?

Based on AI analysis of IRS 990 filings, Kor Education School (EIN: 201183373) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Kor Education School a good charity to donate to?

Kor Education School has a Mission Score of 90/100. Revenue: $1.5M. Assets: $3.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Kor Education School?

The Employer Identification Number (EIN) for Kor Education School is 201183373. 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 Kor Education School spend its money?

Kor Education School allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Kor Education School's tax-exempt status?

You can verify Kor Education School's tax-exempt status using EIN 201183373 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

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.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.