Arthur H Korn Charitable Remainder Unitrust
EIN: 527028694 · Annapolis, MD
| Metric | Value |
|---|---|
| Total Revenue | $277K |
| Total Expenses | $229K |
| Net Assets | $1.3M |
Is Arthur H Korn Charitable Remainder Unitrust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Arthur H Korn Charitable Remainder Unitrust
Arthur H Korn Charitable Remainder Unitrust (EIN: 527028694) is a nonprofit organization based in Annapolis, MD. The organization reported total revenue of $277K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arthur H Korn Charitable Remainder Unitrust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arthur H Korn Charitable Remainder Unitrust is a small nonprofit, with 9 years of IRS 990 filings on record (2011–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $184K |
| Total Expenses | $229K |
| Surplus / Deficit | $-45,050 |
| Total Assets | $1.7M |
| Total Liabilities | $322K |
| Net Assets | $1.3M |
| Operating Margin | -24.5% |
| Debt-to-Asset Ratio | 19.5% |
| Months of Reserves | 86.4 months |
Financial Health Grade: B
In 2022, Arthur H Korn Charitable Remainder Unitrust reported a deficit of $45K with expenses exceeding revenue, holds 86.4 months of operating reserves (strong position), has a debt-to-asset ratio of 19.5% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -18.9% | +14.8% | -3.1% |
| 2021 | +34.8% | +16.7% | +1.1% |
| 2020 | +35.8% | +15.5% | -0.6% |
| 2019 | +24.0% | -12.0% | -0.9% |
| 2015 | -8.9% | +5.3% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arthur H Korn Charitable Remainder Unitrust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Arthur H Korn Charitable Remainder Unitrust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.5%.
Frequently Asked Questions about Arthur H Korn Charitable Remainder Unitrust
Is Arthur H Korn Charitable Remainder Unitrust a legitimate charity?
Arthur H Korn Charitable Remainder Unitrust (EIN: 527028694) is a registered tax-exempt nonprofit based in Maryland. It has 9 years of IRS 990 filings on record. Total revenue: $277K. No red flags identified. Financial health grade: B.
How does Arthur H Korn Charitable Remainder Unitrust spend its money?
Arthur H Korn Charitable Remainder Unitrust reported $277K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Arthur H Korn Charitable Remainder Unitrust tax-deductible?
Arthur H Korn Charitable Remainder Unitrust is registered as a tax-exempt nonprofit (EIN: 527028694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arthur H Korn Charitable Remainder Unitrust located?
Arthur H Korn Charitable Remainder Unitrust is headquartered in Annapolis, Maryland and files with the IRS under EIN 527028694.
How many years of IRS 990 filings does Arthur H Korn Charitable Remainder Unitrust have?
Arthur H Korn Charitable Remainder Unitrust has 9 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 $277K in total revenue.
Filing History
IRS 990 filing history for Arthur H Korn Charitable Remainder Unitrust showing financial trends over 9 years of public records:
Total assets decreased by 14.2% over the same period, from $1.9M to $1.7M. Total functional expenses rose by 30.3%, from $176K to $229K. In its most recent filing year (2022), Arthur H Korn Charitable Remainder Unitrust reported a deficit of $45K, with expenses exceeding revenue. The organization holds $322K in liabilities against $1.7M in assets (debt-to-asset ratio: 19.5%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $184K | $229K | $1.7M | $322K | — | View 990 |
| 2021 | $227K | $200K | $1.7M | $331K | — | — |
| 2020 | $168K | $171K | $1.7M | $340K | — | — |
| 2019 | $124K | $148K | $1.7M | $347K | — | View 990 |
| 2015 | $100K | $168K | $1.7M | $369K | — | View 990 |
| 2014 | $110K | $160K | $1.8M | $376K | — | View 990 |
| 2013 | $86K | $134K | $1.8M | $383K | — | View 990 |
| 2012 | $120K | $139K | $1.9M | $390K | — | View 990 |
| 2011 | $-68,692 | $176K | $1.9M | $396K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $184K, expenses of $229K, and assets of $1.7M (revenue -18.9% year-over-year).
- 2021: Revenue of $227K, expenses of $200K, and assets of $1.7M (revenue +34.8% year-over-year).
- 2020: Revenue of $168K, expenses of $171K, and assets of $1.7M (revenue +35.8% year-over-year).
- 2019: Revenue of $124K, expenses of $148K, and assets of $1.7M (revenue +24.0% year-over-year).
- 2015: Revenue of $100K, expenses of $168K, and assets of $1.7M (revenue -8.9% year-over-year).
- 2014: Revenue of $110K, expenses of $160K, and assets of $1.8M (revenue +27.3% year-over-year).
- 2013: Revenue of $86K, expenses of $134K, and assets of $1.8M (revenue -28.3% year-over-year).
- 2012: Revenue of $120K, expenses of $139K, and assets of $1.9M.
- 2011: Revenue of $-68,692, expenses of $176K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arthur H Korn Charitable Remainder Unitrust:
Data Sources and Methodology
This transparency report for Arthur H Korn Charitable Remainder Unitrust 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.