Andrew Jay Hoon Kim Memorial Foundation
Andrew Jay Hoon Kim Memorial Foundation shows consistent asset growth but recent operating deficits.
EIN: 20603109 · Englewd Clfs, NJ · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $602K |
| Total Expenses | $267K |
| Program Spending | 80% |
| Net Assets | $2.5M |
| Transparency Score | 75/100 |
Is Andrew Jay Hoon Kim Memorial Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Andrew Jay Hoon Kim Memorial Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Andrew Jay Hoon Kim Memorial Foundation
Andrew Jay Hoon Kim Memorial Foundation (EIN: 20603109) is a nonprofit organization based in Englewd Clfs, NJ, classified under NTEE code B82. The organization reported total revenue of $602K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Andrew Jay Hoon Kim Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Andrew Jay Hoon Kim Memorial Foundation is a small nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $198K |
| Total Expenses | $267K |
| Surplus / Deficit | $-68,919 |
| Total Assets | $2.5M |
| Net Assets | $2.5M |
| Operating Margin | -34.8% |
| Months of Reserves | 110.4 months |
Financial Health Grade: B
In 2023, Andrew Jay Hoon Kim Memorial Foundation reported a deficit of $69K with expenses exceeding revenue, holds 110.4 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Andrew Jay Hoon Kim Memorial Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +69.2% | +101.0% | +89.7% |
| 2022 | -26.2% | +542.0% | -1.2% |
| 2021 | -41.9% | +30.7% | +11.8% |
| 2020 | +16.5% | -86.6% | +27.1% |
| 2019 | +127.6% | +70.6% | +14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Andrew Jay Hoon Kim Memorial Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Andrew Jay Hoon Kim Memorial Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $69K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not compensated or are compensated through non-officer categories, which is positive for donor perception.
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 Andrew Jay Hoon Kim Memorial Foundation's IRS 990 filings:
- Expenses exceeded revenue in 2022 and 2023, indicating operating deficits.
- Lack of detailed expense breakdown (program vs. admin/fundraising) in provided data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Andrew Jay Hoon Kim Memorial Foundation:
- Consistent asset growth over the past decade, reaching $2,455,007 in 2023.
- Zero officer compensation reported across all filings, indicating low executive overhead.
- Consistent filing of IRS Form 990s over 14 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Andrew Jay Hoon Kim Memorial Foundation
Is Andrew Jay Hoon Kim Memorial Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Andrew Jay Hoon Kim Memorial Foundation (EIN: 20603109) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Andrew Jay Hoon Kim Memorial Foundation spend its money?
Andrew Jay Hoon Kim Memorial Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Andrew Jay Hoon Kim Memorial Foundation tax-deductible?
Andrew Jay Hoon Kim Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 20603109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Andrew Jay Hoon Kim Memorial Foundation's spending goes to programs?
Andrew Jay Hoon Kim Memorial Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Andrew Jay Hoon Kim Memorial Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Andrew Jay Hoon Kim Memorial Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Andrew Jay Hoon Kim Memorial Foundation located?
Andrew Jay Hoon Kim Memorial Foundation is headquartered in Englewd Clfs, New Jersey and files with the IRS under EIN 20603109. It is classified under NTEE code B82.
How many years of IRS 990 filings does Andrew Jay Hoon Kim Memorial Foundation have?
Andrew Jay Hoon Kim Memorial Foundation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $602K in total revenue.
Is the Andrew Jay Hoon Kim Memorial Foundation financially stable?
The foundation has shown significant asset growth, reaching $2,455,007 in 2023. However, it operated at a deficit in 2022 ($132,711 expenses vs. $116,931 revenue) and 2023 ($266,749 expenses vs. $197,830 revenue), which could impact long-term stability if not addressed.
How efficient is the foundation's spending?
While a detailed breakdown of program vs. administrative costs isn't provided, the organization has consistently reported 0% officer compensation, suggesting low overhead in that area. However, the recent trend of expenses exceeding revenue in 2022 and 2023 indicates a need to review spending efficiency or revenue generation.
Does the foundation compensate its officers?
No, the IRS 990 filings consistently show 0% officer compensation for all reported periods, indicating that officers are not paid or are compensated in a manner not classified as officer compensation.
Filing History
IRS 990 filing history for Andrew Jay Hoon Kim Memorial Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Andrew Jay Hoon Kim Memorial Foundation's revenue has grown by 555%, moving from $30K to $198K. Total assets increased by 264.3% over the same period, from $674K to $2.5M. Total functional expenses rose by 688.3%, from $34K to $267K. In its most recent filing year (2023), Andrew Jay Hoon Kim Memorial Foundation reported a deficit of $69K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $198K | $267K | $2.5M | $0 | — | — |
| 2022 | $117K | $133K | $1.3M | $0 | — | View 990 |
| 2021 | $158K | $21K | $1.3M | $0 | — | View 990 |
| 2020 | $273K | $16K | $1.2M | $310K | — | View 990 |
| 2019 | $234K | $118K | $922K | $310K | — | View 990 |
| 2018 | $103K | $69K | $806K | $310K | — | View 990 |
| 2017 | $88K | $48K | $773K | $310K | — | View 990 |
| 2016 | $58K | $43K | $740K | $317K | — | View 990 |
| 2015 | $78K | $52K | $770K | $336K | — | View 990 |
| 2014 | $75K | $50K | $767K | $359K | — | View 990 |
| 2013 | $78K | $48K | $741K | $359K | — | View 990 |
| 2012 | $64K | $33K | $712K | $359K | — | View 990 |
| 2011 | $36K | $29K | $680K | $359K | — | View 990 |
| 2010 | $30K | $34K | $674K | $359K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $198K, expenses of $267K, and assets of $2.5M (revenue +69.2% year-over-year).
- 2022: Revenue of $117K, expenses of $133K, and assets of $1.3M (revenue -26.2% year-over-year).
- 2021: Revenue of $158K, expenses of $21K, and assets of $1.3M (revenue -41.9% year-over-year).
- 2020: Revenue of $273K, expenses of $16K, and assets of $1.2M (revenue +16.5% year-over-year).
- 2019: Revenue of $234K, expenses of $118K, and assets of $922K (revenue +127.6% year-over-year).
- 2018: Revenue of $103K, expenses of $69K, and assets of $806K (revenue +16.6% year-over-year).
- 2017: Revenue of $88K, expenses of $48K, and assets of $773K (revenue +50.8% year-over-year).
- 2016: Revenue of $58K, expenses of $43K, and assets of $740K (revenue -24.8% year-over-year).
- 2015: Revenue of $78K, expenses of $52K, and assets of $770K (revenue +3.5% year-over-year).
- 2014: Revenue of $75K, expenses of $50K, and assets of $767K (revenue -3.6% year-over-year).
- 2013: Revenue of $78K, expenses of $48K, and assets of $741K (revenue +21.6% year-over-year).
- 2012: Revenue of $64K, expenses of $33K, and assets of $712K (revenue +80.3% year-over-year).
- 2011: Revenue of $36K, expenses of $29K, and assets of $680K (revenue +17.6% year-over-year).
- 2010: Revenue of $30K, expenses of $34K, and assets of $674K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Andrew Jay Hoon Kim Memorial Foundation:
Data Sources and Methodology
This transparency report for Andrew Jay Hoon Kim Memorial Foundation 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.