Don & Susan Kang Charitable Foundation Inc
Don & Susan Kang Charitable Foundation shows declining assets and inconsistent financial performance over the past decade.
EIN: 203757896 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Don & Susan Kang Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Don & Susan Kang Charitable Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Don & Susan Kang Charitable Foundation Inc
Don & Susan Kang Charitable Foundation Inc (EIN: 203757896) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $85K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Don & Susan Kang Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Don & Susan Kang Charitable Foundation Inc is a micro nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -15.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $113K |
| Surplus / Deficit | $-59,955 |
| Total Assets | $83K |
| Total Liabilities | $62K |
| Net Assets | $21K |
| Operating Margin | -114.0% |
| Debt-to-Asset Ratio | 74.6% |
| Months of Reserves | 8.9 months |
Financial Health Grade: C
In 2022, Don & Susan Kang Charitable Foundation Inc reported a deficit of $60K with expenses exceeding revenue, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 74.6% (high leverage).
Financial Trends
Over 9 years of filings (2011–2022), Don & Susan Kang Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -83.9% | -63.8% | -48.6% |
| 2021 | +373.3% | +477.9% | +6.8% |
| 2019 | -115.8% | -27.8% | -88.5% |
| 2015 | -73.9% | -14.4% | -23.9% |
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 Don & Susan Kang Charitable Foundation Inc with a Mission Score of 65 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Don & Susan Kang Charitable Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 74.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is a positive sign for minimizing overhead.
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 Don & Susan Kang Charitable Foundation Inc's IRS 990 filings:
- Significant decline in assets from $922,895 in 2011 to $83,472 in 2022.
- Inconsistent revenue generation, including a negative revenue year in 2019 ($-3,987).
- Expenses frequently exceeding revenue, such as in 2022 ($112,550 expenses vs. $52,595 revenue).
- Fluctuating and sometimes high liabilities relative to assets, reaching $62,302 in 2022 against $83,472 in assets.
Strengths
The following positive indicators were identified for Don & Susan Kang Charitable Foundation Inc:
- Consistent filing of IRS Form 990s, indicating a commitment to transparency.
- 0% officer compensation reported across all filings, suggesting low executive overhead.
- Operates as a private grantmaking foundation (NTEE T22), typically implying direct support to other nonprofits or causes.
Frequently Asked Questions about Don & Susan Kang Charitable Foundation Inc
Is Don & Susan Kang Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Don & Susan Kang Charitable Foundation Inc (EIN: 203757896) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Don & Susan Kang Charitable Foundation Inc spend its money?
Don & Susan Kang Charitable Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Don & Susan Kang Charitable Foundation Inc tax-deductible?
Don & Susan Kang Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203757896). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant decline in assets from $922,895 in 2011 to $83,472 in 2022?
The provided data does not specify the reasons for the asset decline, but it could be due to substantial grantmaking, investment losses, or other operational expenditures exceeding revenue over time.
How does the organization manage its liabilities, which reached $62,302 in 2022?
The data shows liabilities fluctuating significantly, from $1 in several years to over $80,000 in 2021. The nature of these liabilities and the plan for their management are not detailed in the summary.
What is the specific breakdown of expenses (program, administrative, fundraising) for recent years?
The provided summary data only includes total expenses. A detailed breakdown would be necessary to accurately assess spending efficiency and the proportion dedicated to direct charitable activities.
Given the inconsistent revenue and recurring deficits, what is the long-term financial sustainability plan for the foundation?
The organization has experienced several years where expenses exceeded revenue, notably in 2022 ($52,595 revenue vs. $112,550 expenses). This pattern, combined with declining assets, raises concerns about its ability to sustain operations and grantmaking in the future without significant new funding.
Filing History
IRS 990 filing history for Don & Susan Kang Charitable Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Don & Susan Kang Charitable Foundation Inc's revenue has declined by 83.9%, moving from $326K to $53K. Total assets decreased by 91% over the same period, from $923K to $83K. Total functional expenses fell by 30.3%, from $162K to $113K. In its most recent filing year (2022), Don & Susan Kang Charitable Foundation Inc reported a deficit of $60K, with expenses exceeding revenue. The organization holds $62K in liabilities against $83K in assets (debt-to-asset ratio: 74.6%), resulting in net assets of $21K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $53K | $113K | $83K | $62K | — | View 990 |
| 2021 | $326K | $311K | $163K | $81K | — | View 990 |
| 2020 | $69K | $54K | $152K | $86K | — | — |
| 2019 | $-3,987 | $118K | $51K | $1 | — | View 990 |
| 2015 | $25K | $163K | $441K | $1 | — | View 990 |
| 2014 | $96K | $191K | $580K | $1 | — | View 990 |
| 2013 | $118K | $216K | $674K | $1 | — | View 990 |
| 2012 | $59K | $203K | $788K | $15K | — | View 990 |
| 2011 | $326K | $162K | $923K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $53K, expenses of $113K, and assets of $83K (revenue -83.9% year-over-year).
- 2021: Revenue of $326K, expenses of $311K, and assets of $163K (revenue +373.3% year-over-year).
- 2020: Revenue of $69K, expenses of $54K, and assets of $152K.
- 2019: Revenue of $-3,987, expenses of $118K, and assets of $51K (revenue -115.8% year-over-year).
- 2015: Revenue of $25K, expenses of $163K, and assets of $441K (revenue -73.9% year-over-year).
- 2014: Revenue of $96K, expenses of $191K, and assets of $580K (revenue -18.5% year-over-year).
- 2013: Revenue of $118K, expenses of $216K, and assets of $674K (revenue +99.7% year-over-year).
- 2012: Revenue of $59K, expenses of $203K, and assets of $788K (revenue -81.9% year-over-year).
- 2011: Revenue of $326K, expenses of $162K, and assets of $923K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Don & Susan Kang Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Don & Susan Kang Charitable Foundation 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.