Is One World Taekwondo Foundation Inc Legit?

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.