American Tae Kwon Do United Inc

American Tae Kwon Do United Inc consistently operates with no officer compensation and low liabilities, demonstrating strong financial stability.

EIN: 208684285 · Waxhaw, NC · NTEE: B90 · Updated: 2026-03-28

$202KRevenue

$81KAssets

92/100Mission Score (Excellent)

B90

About American Tae Kwon Do United Inc

American Tae Kwon Do United Inc (EIN: 208684285) is a nonprofit organization based in Waxhaw, NC, classified under NTEE code B90. The organization reported total revenue of $202K and total assets of $81K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Tae Kwon Do United Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

American Tae Kwon Do United Inc demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, indicating sound operational management. For instance, in 2023, revenue was $192,895 against expenses of $183,255. The organization maintains a healthy asset base relative to its revenue, with $81,473 in assets against $201,571 in latest revenue, and has consistently reported zero liabilities in its most recent filings (2023, 2021, 2020, 2019, 2018, 2017), which is a strong indicator of financial stability and low risk. The absence of reported officer compensation across all available filings suggests a volunteer-driven leadership structure, enhancing its spending efficiency.

However, a notable dip in revenue to $0 in 2020, while still incurring $60,424 in expenses, warrants further investigation to understand the operational context during that period. Despite this anomaly, the organization has rebounded, showing consistent revenue generation. The consistent reporting of zero officer compensation across all filings is a significant positive for transparency and efficiency, as it means donor funds are not being used for executive salaries. The organization's financial health appears stable, with a strong focus on program delivery given the lack of executive compensation and low liabilities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates American Tae Kwon Do United 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 Tae Kwon Do United 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization. This significantly enhances the organization's financial efficiency, as all funds can be directed towards its mission rather than executive salaries.

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.

Red Flags

The following concerns were identified during AI analysis of American Tae Kwon Do United Inc's IRS 990 filings:

Unexplained $0 revenue in 2020 while still incurring $60,424 in expenses.

Strengths

The following positive indicators were identified for American Tae Kwon Do United Inc:

Consistent 0% officer compensation across all filings, indicating high efficiency.
Zero liabilities reported in recent filings (2023, 2021, 2020, 2019, 2018, 2017), demonstrating strong financial health.
Revenues generally exceed expenses in most periods, indicating sound financial management.
Healthy asset base relative to revenue, providing financial stability.

Frequently Asked Questions about American Tae Kwon Do United Inc

Is American Tae Kwon Do United Inc a good charity?

Based on the available IRS 990 data, American Tae Kwon Do United Inc appears to be a good charity. It consistently reports zero officer compensation, maintains low to no liabilities, and generally operates with revenues exceeding expenses, indicating efficient use of funds.

How does American Tae Kwon Do United Inc manage its finances?

The organization manages its finances effectively, consistently reporting zero liabilities in recent years and maintaining a healthy asset base. Its operational model appears to be highly efficient due to the absence of executive compensation, allowing a greater proportion of funds to be allocated to programs.

What caused the $0 revenue in 2020?

The IRS 990 data shows $0 revenue in 2020 while still incurring $60,424 in expenses. Without additional context from the organization, it's unclear if this was due to a reporting anomaly, a temporary suspension of revenue-generating activities, or reliance on reserves during the pandemic.

Filing History

IRS 990 filing history for American Tae Kwon Do United Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2010–2023), American Tae Kwon Do United Inc's revenue has grown by 187.2%, moving from $67K to $193K. Total assets increased by 1225.6% over the same period, from $4K to $53K. Total functional expenses rose by 166.1%, from $69K to $183K. In its most recent filing year (2023), American Tae Kwon Do United Inc reported a surplus of $10K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$193K	$183K	$53K	$0	—	—
2021	$165K	$142K	$65K	$0	—	View 990
2020	$0	$60K	$42K	$0	—	View 990
2019	$155K	$161K	$102K	$0	—	View 990
2018	$163K	$129K	$108K	$0	—	View 990
2017	$98K	$119K	$74K	$0	—	View 990
2016	$409K	$391K	$146K	$50K	—	View 990
2015	$402K	$395K	$119K	$42K	—	View 990
2014	$390K	$358K	$107K	$38K	—	View 990
2013	$291K	$265K	$74K	$37K	—	View 990
2012	$223K	$217K	$43K	$31K	—	View 990
2011	$186K	$182K	$30K	$23K	—	View 990
2010	$67K	$69K	$4K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $193K, expenses of $183K, and assets of $53K (revenue +16.7% year-over-year).
2021: Revenue of $165K, expenses of $142K, and assets of $65K.
2020: Revenue of $0, expenses of $60K, and assets of $42K (revenue -100.0% year-over-year).
2019: Revenue of $155K, expenses of $161K, and assets of $102K (revenue -5.2% year-over-year).
2018: Revenue of $163K, expenses of $129K, and assets of $108K (revenue +67.4% year-over-year).
2017: Revenue of $98K, expenses of $119K, and assets of $74K (revenue -76.2% year-over-year).
2016: Revenue of $409K, expenses of $391K, and assets of $146K (revenue +1.6% year-over-year).
2015: Revenue of $402K, expenses of $395K, and assets of $119K (revenue +3.3% year-over-year).
2014: Revenue of $390K, expenses of $358K, and assets of $107K (revenue +34.1% year-over-year).
2013: Revenue of $291K, expenses of $265K, and assets of $74K (revenue +30.5% year-over-year).
2012: Revenue of $223K, expenses of $217K, and assets of $43K (revenue +19.9% year-over-year).
2011: Revenue of $186K, expenses of $182K, and assets of $30K (revenue +176.5% year-over-year).
2010: Revenue of $67K, expenses of $69K, and assets of $4K.

Data Sources and Methodology

This transparency report for American Tae Kwon Do United 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.