Chen Chi Kwan Cultural Andeducation Foundation
Chen Chi Kwan Cultural Andeducation Foundation operates on minimal revenue, consistently reporting $1 annually while drawing on stable assets.
EIN: 204045643 · Honolulu, HI · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $1K |
| Program Spending | 80% |
| Net Assets | $179K |
| Transparency Score | 45/100 |
Is Chen Chi Kwan Cultural Andeducation Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chen Chi Kwan Cultural Andeducation Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chen Chi Kwan Cultural Andeducation Foundation
Chen Chi Kwan Cultural Andeducation Foundation (EIN: 204045643) is a nonprofit organization based in Honolulu, HI, classified under NTEE code T23. The organization reported total revenue of $1 and total assets of $191K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chen Chi Kwan Cultural Andeducation Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chen Chi Kwan Cultural Andeducation Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $1K |
| Surplus / Deficit | $-1,339 |
| Total Assets | $191K |
| Total Liabilities | $12K |
| Net Assets | $179K |
| Operating Margin | -133900.0% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 1710.1 months |
Financial Health Grade: B
In 2023, Chen Chi Kwan Cultural Andeducation Foundation reported a deficit of $1K with expenses exceeding revenue, holds 1710.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Chen Chi Kwan Cultural Andeducation Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | — | +0.0% |
| 2022 | +0.0% | -100.0% | +0.0% |
| 2021 | +0.0% | +0.0% | +0.0% |
| 2020 | -99.0% | +0.0% | +0.0% |
| 2019 | +9900.0% | +25.9% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Chen Chi Kwan Cultural Andeducation Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Chen Chi Kwan Cultural Andeducation Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. 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 $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.4%.
Executive Compensation Analysis
Executive compensation has been reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is commendable for minimizing overhead costs.
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 Chen Chi Kwan Cultural Andeducation Foundation's IRS 990 filings:
- Consistent near-zero reported revenue ($1) for over a decade, making traditional financial analysis difficult.
- Expenses consistently exceed reported revenue, indicating reliance on existing assets or unrecorded funding.
- Slow but steady increase in liabilities from $7,192 in 2011 to $12,166 in 2023.
- Lack of detailed expense breakdown to understand program vs. administrative spending.
Strengths
The following positive indicators were identified for Chen Chi Kwan Cultural Andeducation Foundation:
- Consistent filing of IRS Form 990s, indicating compliance.
- No reported officer compensation, suggesting volunteer leadership and low administrative overhead.
- Stable asset base (around $190,000) over a long period.
- Low overall expenses, even if they exceed revenue.
Frequently Asked Questions about Chen Chi Kwan Cultural Andeducation Foundation
Is Chen Chi Kwan Cultural Andeducation Foundation a legitimate charity?
Chen Chi Kwan Cultural Andeducation Foundation (EIN: 204045643) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $1. 4 red flags identified. 4 strengths noted. Financial health grade: B.
How does Chen Chi Kwan Cultural Andeducation Foundation spend its money?
Chen Chi Kwan Cultural Andeducation Foundation directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Chen Chi Kwan Cultural Andeducation Foundation tax-deductible?
Chen Chi Kwan Cultural Andeducation Foundation is registered as a tax-exempt nonprofit (EIN: 204045643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Chen Chi Kwan Cultural Andeducation Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Chen Chi Kwan Cultural Andeducation Foundation is near average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chen Chi Kwan Cultural Andeducation Foundation located?
Chen Chi Kwan Cultural Andeducation Foundation is headquartered in Honolulu, Hawaii and files with the IRS under EIN 204045643. It is classified under NTEE code T23.
How many years of IRS 990 filings does Chen Chi Kwan Cultural Andeducation Foundation have?
Chen Chi Kwan Cultural Andeducation Foundation has 10 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 $1 in total revenue.
How does the organization cover its expenses when revenue is consistently reported as $1?
The organization appears to be covering its expenses by drawing down on its existing assets, which have remained relatively stable around $190,000-$192,000 over the past decade, or through unrecorded private contributions not reflected in public revenue figures.
What are the specific activities or programs that the organization funds with its reported expenses?
The provided data does not offer a detailed breakdown of expenses, making it impossible to determine the specific programs or activities funded. Further investigation into the full 990 forms would be required.
Is the organization's financial model sustainable given its consistent operational deficit?
While the operational deficit is small, a model where expenses consistently exceed near-zero revenue is not sustainable in the long term without a significant endowment or other unrecorded funding sources. The slow increase in liabilities also suggests a gradual financial strain.
Why has the organization's revenue remained at $1 for most of the past decade?
The reason for the consistent $1 revenue is unclear from the provided data. It could indicate a specific type of funding, a reporting anomaly, or that the organization's primary financial support comes from sources not categorized as public revenue on the 990 summary.
Filing History
IRS 990 filing history for Chen Chi Kwan Cultural Andeducation Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Chen Chi Kwan Cultural Andeducation Foundation's revenue has grown by 0%, moving from $1 to $1. Total assets decreased by 0.8% over the same period, from $192K to $191K. Total functional expenses rose by 139.3%, from $560 to $1K. In its most recent filing year (2023), Chen Chi Kwan Cultural Andeducation Foundation reported a deficit of $1K, with expenses exceeding revenue. The organization holds $12K in liabilities against $191K in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $179K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $1K | $191K | $12K | — | — |
| 2022 | $1 | $0 | $191K | $11K | — | View 990 |
| 2021 | $1 | $670 | $191K | $11K | — | — |
| 2020 | $1 | $670 | $191K | $10K | — | View 990 |
| 2019 | $100 | $670 | $191K | $9K | — | — |
| 2015 | $1 | $532 | $192K | $9K | — | View 990 |
| 2014 | $1 | $542 | $192K | $9K | — | View 990 |
| 2013 | $1 | $565 | $192K | $8K | — | View 990 |
| 2012 | $1 | $542 | $192K | $7K | — | View 990 |
| 2011 | $1 | $560 | $192K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $1K, and assets of $191K (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $191K (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $670, and assets of $191K (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $670, and assets of $191K (revenue -99.0% year-over-year).
- 2019: Revenue of $100, expenses of $670, and assets of $191K (revenue +9900.0% year-over-year).
- 2015: Revenue of $1, expenses of $532, and assets of $192K (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $542, and assets of $192K (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $565, and assets of $192K (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $542, and assets of $192K (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $560, and assets of $192K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chen Chi Kwan Cultural Andeducation Foundation:
Data Sources and Methodology
This transparency report for Chen Chi Kwan Cultural Andeducation 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.