Federation Of Korean Associations Se Usa Inc
Federation Of Korean Associations Se Usa Inc consistently operates with a surplus and reports no officer compensation.
EIN: 203045688 · Duluth, GA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $191K |
| Total Expenses | $167K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $191,212. |
| Net Assets | $37K |
| Transparency Score | 85/100 |
Is Federation Of Korean Associations Se Usa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Federation Of Korean Associations Se Usa Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Federation Of Korean Associations Se Usa Inc
Federation Of Korean Associations Se Usa Inc (EIN: 203045688) is a nonprofit organization based in Duluth, GA, classified under NTEE code T20. The organization reported total revenue of $191K and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Federation Of Korean Associations Se Usa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Federation Of Korean Associations Se Usa Inc is a small nonprofit that has been operating for 17 years, with 7 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $189K |
| Total Expenses | $167K |
| Surplus / Deficit | +$22K |
| Total Assets | $37K |
| Net Assets | $37K |
| Operating Margin | 11.5% |
| Months of Reserves | 2.7 months |
Financial Health Grade: A
In 2023, Federation Of Korean Associations Se Usa Inc reported a surplus of $22K with revenue exceeding expenses, holds 2.7 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2011–2023), Federation Of Korean Associations Se Usa Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.1% | +217.9% | -70.7% |
| 2021 | +76.8% | +9.1% | +131.2% |
| 2020 | -53.6% | -66.4% | +68.8% |
| 2019 | +12.8% | +6.6% | +36.9% |
| 2018 | +30.5% | +49.9% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Federation Of Korean Associations Se Usa Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Federation Of Korean Associations Se Usa 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with revenues up to $191,212.
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 Federation Of Korean Associations Se Usa Inc's IRS 990 filings:
- Significant decrease in assets from $127,531 in 2021 to $37,362 in 2023 without clear explanation in summary data.
Strengths
The following positive indicators were identified for Federation Of Korean Associations Se Usa Inc:
- Consistent financial surpluses, such as $21,660 in 2023 ($188,833 revenue - $167,173 expenses).
- 0% officer compensation reported across all filings, indicating efficient use of funds.
- No reported liabilities in any filing period, demonstrating strong financial health.
- Long history of IRS 990 filings (7 filings), indicating good transparency and compliance.
Frequently Asked Questions about Federation Of Korean Associations Se Usa Inc
Is Federation Of Korean Associations Se Usa Inc a legitimate charity?
Federation Of Korean Associations Se Usa Inc (EIN: 203045688) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. Total revenue: $191K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Federation Of Korean Associations Se Usa Inc spend its money?
Federation Of Korean Associations Se Usa Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Federation Of Korean Associations Se Usa Inc tax-deductible?
Federation Of Korean Associations Se Usa Inc is registered as a tax-exempt nonprofit (EIN: 203045688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Federation Of Korean Associations Se Usa Inc CEO make?
Federation Of Korean Associations Se Usa Inc's highest-compensated officer earns $191,212. annually. The organization reported $191K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Federation Of Korean Associations Se Usa Inc's spending goes to programs?
Federation Of Korean Associations Se Usa Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Federation Of Korean Associations Se Usa Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Federation Of Korean Associations Se Usa Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Federation Of Korean Associations Se Usa Inc located?
Federation Of Korean Associations Se Usa Inc is headquartered in Duluth, Georgia and files with the IRS under EIN 203045688. It is classified under NTEE code T20.
How many years of IRS 990 filings does Federation Of Korean Associations Se Usa Inc have?
Federation Of Korean Associations Se Usa Inc has 7 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 $191K in total revenue.
Is Federation Of Korean Associations Se Usa Inc a good charity?
Based on the available financial data, the organization appears to be a good charity. It consistently operates with a surplus, has no reported liabilities, and most notably, pays 0% in officer compensation, suggesting a strong dedication to its mission.
How has the organization's asset base changed over time?
The organization's assets have grown from $12,894 in 2011 to $37,362 in 2023, though there was a significant peak of $127,531 in 2021 before a decrease.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have generally increased over the years, with revenue consistently exceeding expenses in most periods, leading to a surplus. For example, in 2023, revenue was $188,833 and expenses were $167,173.
Filing History
IRS 990 filing history for Federation Of Korean Associations Se Usa Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2023), Federation Of Korean Associations Se Usa Inc's revenue has grown by 426.7%, moving from $36K to $189K. Total assets increased by 189.8% over the same period, from $13K to $37K. Total functional expenses rose by 625%, from $23K to $167K. In its most recent filing year (2023), Federation Of Korean Associations Se Usa Inc reported a surplus of $22K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $189K | $167K | $37K | $0 | — | — |
| 2021 | $125K | $53K | $128K | $0 | — | — |
| 2020 | $71K | $48K | $55K | $0 | — | — |
| 2019 | $153K | $144K | $33K | $0 | — | View 990 |
| 2018 | $135K | $135K | $24K | $0 | — | View 990 |
| 2017 | $104K | $90K | $23K | $0 | — | View 990 |
| 2011 | $36K | $23K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $189K, expenses of $167K, and assets of $37K (revenue +51.1% year-over-year).
- 2021: Revenue of $125K, expenses of $53K, and assets of $128K (revenue +76.8% year-over-year).
- 2020: Revenue of $71K, expenses of $48K, and assets of $55K (revenue -53.6% year-over-year).
- 2019: Revenue of $153K, expenses of $144K, and assets of $33K (revenue +12.8% year-over-year).
- 2018: Revenue of $135K, expenses of $135K, and assets of $24K (revenue +30.5% year-over-year).
- 2017: Revenue of $104K, expenses of $90K, and assets of $23K (revenue +189.1% year-over-year).
- 2011: Revenue of $36K, expenses of $23K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Federation Of Korean Associations Se Usa Inc:
Data Sources and Methodology
This transparency report for Federation Of Korean Associations Se Usa 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.