Is The Korean American Family Service Center Inc Legit?
Quick charity verification for The Korean American Family Service Center Inc (EIN: 133609811)
Verdict: The Korean American Family Service Center Inc appears trustworthy
90/100Mission Score
$4.8MRevenue
$9.0MAssets
2Red Flags
5Strengths
Red Flags
Unusually low liabilities relative to assets in some periods (e.g., $68,325 liabilities vs. $3,227,161 assets in 2019), which could indicate minimal debt but also potentially less leverage for growth if needed.
The consistent 0% officer compensation, while positive for efficiency, is highly unusual for an organization with multi-million dollar revenues and could warrant further inquiry into how leadership is compensated or structured.
Significant asset growth: Assets have nearly doubled from $4,098,424 in 2020 to $7,962,981 in 2023, indicating robust financial health and capacity.
Zero reported officer compensation: All 13 filings show 0% officer compensation, suggesting high efficiency and dedication of funds to programs.
Strong financial stability: The organization has consistently maintained a healthy balance sheet with growing assets and manageable liabilities.
Positive trend in financial performance: Revenue and asset growth have been consistent over the past decade, indicating sustainable operations.
Spending Breakdown
How The Korean American Family Service Center 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
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 The Korean American Family Service Center Inc
Is The Korean American Family Service Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Korean American Family Service Center Inc (EIN: 133609811) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is The Korean American Family Service Center Inc a good charity to donate to?
The Korean American Family Service Center Inc has a Mission Score of 90/100. Revenue: $4.8M. Assets: $9.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Korean American Family Service Center Inc?
The Employer Identification Number (EIN) for The Korean American Family Service Center Inc is 133609811. 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 The Korean American Family Service Center Inc spend its money?
The Korean American Family Service Center Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Korean American Family Service Center Inc's tax-exempt status?
You can verify The Korean American Family Service Center Inc's tax-exempt status using EIN 133609811 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
The Korean American Family Service Center Inc demonstrates strong financial health and efficient spending based on its recent IRS 990 filings. Over the past three years (2021-2023), the organization has consistently reported revenues significantly exceeding expenses, leading to substantial growth in assets. For instance, in 2023, revenue was $4,424,882 against expenses of $3,144,821, contributing to an asset base of $7,962,981. This trend indicates sound financial management and an ability to build reserves for future operations.
The organization's spending efficiency appears robust, with a healthy surplus in most recent years. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances public trust and suggests a lean operational structure. The growth in assets from $4,098,424 in 2020 to $7,962,981 in 2023 further underscores its financial stability and capacity to expand its services.