Quick charity verification for One World Taekwondo Foundation Inc (EIN: 204919571)
Verdict: One World Taekwondo Foundation Inc shows mixed signals
40/100Mission Score
$9KRevenue
$43KAssets
4Red Flags
2Strengths
Red Flags
Significant and growing liabilities ($263,673 in 2020) far exceeding assets ($43,152).
Drastic decline in revenue from $113,746 in 2018 to $8,469 in 2020.
Consistent operating deficits in recent years (e.g., $1,702 in 2020, $4,674 in 2019).
Lack of detailed expense breakdown to assess program efficiency.
Strengths
No reported officer compensation, indicating volunteer leadership.
Long filing history (10 filings) demonstrating consistent reporting.
Spending Breakdown
How One World Taekwondo Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 One World Taekwondo Foundation Inc
Is One World Taekwondo Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, One World Taekwondo Foundation Inc (EIN: 204919571) shows mixed signals. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
Is One World Taekwondo Foundation Inc a good charity to donate to?
One World Taekwondo Foundation Inc has a Mission Score of 40/100. Revenue: $9K. Assets: $43K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for One World Taekwondo Foundation Inc?
The Employer Identification Number (EIN) for One World Taekwondo Foundation Inc is 204919571. 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 One World Taekwondo Foundation Inc spend its money?
One World Taekwondo Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify One World Taekwondo Foundation Inc's tax-exempt status?
You can verify One World Taekwondo Foundation Inc's tax-exempt status using EIN 204919571 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
One World Taekwondo Foundation Inc. exhibits a concerning financial trend with declining revenue and persistent operating deficits in recent years. For instance, in 2020, revenue was $8,469 while expenses were $10,171, continuing a pattern seen in 2019 ($19,793 revenue vs. $24,467 expenses) and 2018 ($113,746 revenue vs. $126,451 expenses). This consistent spending beyond income raises questions about long-term sustainability, especially given the significant liabilities. The organization's assets have remained relatively stable, around $40,000-$50,000, but these are dwarfed by liabilities that have consistently exceeded $150,000 and reached over $260,000 in recent periods. The lack of officer compensation reported across all filings suggests a volunteer-driven leadership, which can be a positive for efficiency, but the overall financial picture indicates significant challenges.
The organization's financial health appears precarious due to the substantial and growing liabilities relative to its assets and declining revenue. While specific spending efficiency ratios for programs, administration, and fundraising are not directly calculable from the provided summary data, the consistent operating losses suggest that the organization is not effectively managing its expenses within its income. The transparency of reporting officer compensation as 0% is good, but the overall financial trajectory warrants closer scrutiny regarding how these deficits are being covered and the plan for addressing the large debt burden. The sharp drop in revenue from over $100,000 in 2016-2018 to under $20,000 in 2019-2020 is a significant concern.