Is Seoul National University Alumni Association In Usa Legit?
Quick charity verification for Seoul National University Alumni Association In Usa (EIN: 133859506)
Verdict: Seoul National University Alumni Association In Usa appears trustworthy
85/100Mission Score
$505KRevenue
$1.6MAssets
1Red Flags
5Strengths
Red Flags
Operating deficit in the most recent filing period (202306), with expenses ($451,306) exceeding revenue ($405,320).
Strengths
Consistent asset growth, reaching $1,564,082.
Zero officer compensation reported across all filing periods, indicating volunteer leadership.
Low to no liabilities reported in most periods, demonstrating strong financial management.
Significant revenue growth from $176,985 in 201506 to $505,270 currently.
Consistent filing of IRS Form 990s over 12 periods, indicating transparency.
Spending Breakdown
How Seoul National University Alumni Association In Usa allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Seoul National University Alumni Association In Usa
Is Seoul National University Alumni Association In Usa a legitimate charity?
Based on AI analysis of IRS 990 filings, Seoul National University Alumni Association In Usa (EIN: 133859506) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Seoul National University Alumni Association In Usa a good charity to donate to?
Seoul National University Alumni Association In Usa has a Mission Score of 85/100. Revenue: $505K. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seoul National University Alumni Association In Usa?
The Employer Identification Number (EIN) for Seoul National University Alumni Association In Usa is 133859506. 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 Seoul National University Alumni Association In Usa spend its money?
Seoul National University Alumni Association In Usa allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seoul National University Alumni Association In Usa's tax-exempt status?
You can verify Seoul National University Alumni Association In Usa's tax-exempt status using EIN 133859506 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
Seoul National University Alumni Association In Usa demonstrates generally sound financial health, with assets consistently growing over the past decade, reaching $1,564,082. While the organization experienced a deficit in the most recent filing period (202306) with expenses of $451,306 exceeding revenue of $405,320, this appears to be an anomaly given previous years' surpluses. The organization maintains a strong balance sheet with minimal to no liabilities reported in most periods, indicating good financial management and low debt risk. Their consistent filing of IRS Form 990s over 12 periods suggests a commitment to transparency.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the absence of officer compensation across all reported periods is a positive indicator of efficient use of funds, as it suggests a volunteer-driven leadership structure. The significant growth in revenue from $176,985 in 201506 to $505,270 currently, alongside asset growth, points to effective fundraising and donor support.
Overall, the organization appears to be financially stable and transparent in its reporting, with a clear trend of increasing financial capacity. The lack of officer compensation is a notable strength, contributing to a higher potential for program spending. Further detailed expense breakdowns would enhance the assessment of spending efficiency.