American Friends Of Le Korsa Inc
American Friends Of Le Korsa Inc consistently operates with surpluses and reports zero officer compensation.
EIN: 203279061 · Bethany, CT · NTEE: T30 · Updated: 2026-03-28
Is American Friends Of Le Korsa Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Friends Of Le Korsa Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Friends Of Le Korsa Inc
American Friends Of Le Korsa Inc (EIN: 203279061) is a nonprofit organization based in Bethany, CT, classified under NTEE code T30. The organization reported total revenue of $3.9M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Friends Of Le Korsa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Friends Of Le Korsa Inc is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$338K |
| Total Assets | $2.4M |
| Total Liabilities | $8K |
| Net Assets | $2.4M |
| Operating Margin | 14.4% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 14.2 months |
Financial Health Grade: A
In 2023, American Friends Of Le Korsa Inc reported a surplus of $338K with revenue exceeding expenses, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Friends Of Le Korsa Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.9% | +6.2% | +24.7% |
| 2022 | +13.7% | -14.7% | +4.4% |
| 2021 | -14.5% | -0.8% | -10.7% |
| 2020 | -15.9% | -8.8% | +7.3% |
| 2019 | +32.6% | +37.2% | +23.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Friends Of Le Korsa Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, American Friends Of Le Korsa Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $338K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not classified as officer compensation, which is a strong positive for directing funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for American Friends Of Le Korsa Inc:
- Consistent financial surpluses, such as $337,839 in 2023 and $304,024 in 2022, indicating strong financial management.
- Zero officer compensation reported across all filings, maximizing funds for the mission.
- Significant asset growth from $645,960 in 2016 to $2,365,007 in 2023, demonstrating financial stability.
- Very low liabilities, such as $7,536 in 2023, indicating minimal debt and strong fiscal health.
- Consistent revenue generation, with latest revenue at $2,338,994, supporting ongoing operations.
Frequently Asked Questions about American Friends Of Le Korsa Inc
Is American Friends Of Le Korsa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Friends Of Le Korsa Inc (EIN: 203279061) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does American Friends Of Le Korsa Inc spend its money?
American Friends Of Le Korsa Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Friends Of Le Korsa Inc tax-deductible?
American Friends Of Le Korsa Inc is registered as a tax-exempt nonprofit (EIN: 203279061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is American Friends Of Le Korsa Inc a good charity?
Based on its financial data, American Friends Of Le Korsa Inc appears to be a very good charity. It consistently generates surpluses, maintains low liabilities, and reports zero officer compensation, indicating strong financial health and efficient use of funds.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth and stability. Revenue has generally increased, and assets have grown significantly from $645,960 in 2016 to $2,365,007 in 2023, while liabilities remain very low.
What is the organization's approach to executive compensation?
American Friends Of Le Korsa Inc reports 0% officer compensation in all available filings, suggesting a highly efficient model where leadership is not directly compensated through officer salaries, maximizing funds for programmatic activities.
Filing History
IRS 990 filing history for American Friends Of Le Korsa Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Friends Of Le Korsa Inc's revenue has grown by 374.9%, moving from $493K to $2.3M. Total assets increased by 570.1% over the same period, from $353K to $2.4M. Total functional expenses rose by 734.5%, from $240K to $2.0M. In its most recent filing year (2023), American Friends Of Le Korsa Inc reported a surplus of $338K, with revenue exceeding expenses. The organization holds $8K in liabilities against $2.4M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.0M | $2.4M | $8K | — | — |
| 2022 | $2.2M | $1.9M | $1.9M | $9K | — | View 990 |
| 2021 | $1.9M | $2.2M | $1.8M | $6K | — | View 990 |
| 2020 | $2.3M | $2.2M | $2.0M | $6K | — | — |
| 2019 | $2.7M | $2.4M | $1.9M | $15K | — | View 990 |
| 2018 | $2.0M | $1.8M | $1.5M | $30K | — | View 990 |
| 2017 | $2.1M | $1.4M | $1.4M | $7K | — | View 990 |
| 2016 | $485K | $912K | $646K | $14K | — | View 990 |
| 2015 | $177K | $472K | $1.1M | $5K | — | View 990 |
| 2014 | $1.7M | $792K | $1.4M | $8K | — | View 990 |
| 2013 | $231K | $469K | $199K | $2K | — | View 990 |
| 2012 | $267K | $185K | $440K | $6K | — | View 990 |
| 2011 | $493K | $240K | $353K | $810 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.0M, and assets of $2.4M (revenue +6.9% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.9M, and assets of $1.9M (revenue +13.7% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.2M, and assets of $1.8M (revenue -14.5% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.2M, and assets of $2.0M (revenue -15.9% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.4M, and assets of $1.9M (revenue +32.6% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.8M, and assets of $1.5M (revenue -4.4% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.4M, and assets of $1.4M (revenue +334.8% year-over-year).
- 2016: Revenue of $485K, expenses of $912K, and assets of $646K (revenue +174.6% year-over-year).
- 2015: Revenue of $177K, expenses of $472K, and assets of $1.1M (revenue -89.8% year-over-year).
- 2014: Revenue of $1.7M, expenses of $792K, and assets of $1.4M (revenue +651.6% year-over-year).
- 2013: Revenue of $231K, expenses of $469K, and assets of $199K (revenue -13.3% year-over-year).
- 2012: Revenue of $267K, expenses of $185K, and assets of $440K (revenue -45.8% year-over-year).
- 2011: Revenue of $493K, expenses of $240K, and assets of $353K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Friends Of Le Korsa Inc:
Data Sources and Methodology
This transparency report for American Friends Of Le Korsa Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.