Is Minkwon Center For Community Action Inc Legit?

Quick charity verification for Minkwon Center For Community Action Inc (EIN: 112710506)

Verdict: Minkwon Center For Community Action Inc appears trustworthy

88/100Mission Score

$2.9MRevenue

$4.0MAssets

1Red Flags

5Strengths

Red Flags

Significant increase in liabilities from $41,942 in 2018 to $1,322,627 in 2023, which needs further context.

Strengths

Consistent revenue growth, from $965,193 in 2018 to $2,762,598 in 2023.
Healthy operating surpluses, such as $147,653 in 2023 ($2,762,598 revenue - $2,614,945 expenses).
Substantial asset growth, from $1,589,664 in 2018 to $4,275,288 in 2023.
0% reported officer compensation across all available filings, indicating strong financial transparency and dedication to mission.
Strong financial health with increasing net assets (Assets minus Liabilities).

Spending Breakdown

How Minkwon Center For Community Action 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 Minkwon Center For Community Action Inc

Is Minkwon Center For Community Action Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Minkwon Center For Community Action Inc (EIN: 112710506) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.

Is Minkwon Center For Community Action Inc a good charity to donate to?

Minkwon Center For Community Action Inc has a Mission Score of 88/100. Revenue: $2.9M. Assets: $4.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Minkwon Center For Community Action Inc?

The Employer Identification Number (EIN) for Minkwon Center For Community Action Inc is 112710506. 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 Minkwon Center For Community Action Inc spend its money?

Minkwon Center For Community Action Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Minkwon Center For Community Action Inc's tax-exempt status?

You can verify Minkwon Center For Community Action Inc's tax-exempt status using EIN 112710506 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

Minkwon Center For Community Action Inc demonstrates a generally healthy financial position with consistent revenue growth over the past several years, particularly noting a significant increase from $965,193 in 2018 to $2,762,598 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $2,762,598 exceeded expenses of $2,614,945, indicating sound financial management. Their asset base has also grown substantially, from $1,589,664 in 2018 to $4,275,288 in 2023, suggesting good stewardship of resources and capacity building.

The organization's spending efficiency appears strong, with a clear focus on program delivery. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent surpluses and growth in assets suggest that a significant portion of their budget is directed towards their mission. The reported 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards organizational activities rather than executive salaries, which is a positive sign for donors.

However, the increasing liabilities, from $41,942 in 2018 to $1,322,627 in 2023, warrant closer examination. While not necessarily a red flag on its own, especially with growing assets, understanding the nature of these liabilities (e.g., program-related debt, capital expenditures) would provide a more complete picture of their financial strategy. Overall, Minkwon Center appears to be a financially stable and growing organization with a strong commitment to its mission, as evidenced by its financial trends and compensation practices.

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Disclaimer

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