Hasang Institute For Korean American Culture And Educat
EIN: 270734811 · Fairfax, VA · NTEE: A23
Is Hasang Institute For Korean American Culture And Educat Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hasang Institute For Korean American Culture And Educat
Hasang Institute For Korean American Culture And Educat (EIN: 270734811) is a nonprofit organization based in Fairfax, VA, classified under NTEE code A23. The organization reported total revenue of $306K and total assets of $278K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hasang Institute For Korean American Culture And Educat's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hasang Institute For Korean American Culture And Educat is a small nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $273K |
| Total Expenses | $215K |
| Surplus / Deficit | +$58K |
| Total Assets | $249K |
| Total Liabilities | $26 |
| Net Assets | $249K |
| Operating Margin | 21.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 14.0 months |
Financial Health Grade: A
In 2023, Hasang Institute For Korean American Culture And Educat reported a surplus of $58K with revenue exceeding expenses, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Hasang Institute For Korean American Culture And Educat's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.3% | +20.4% | +30.5% |
| 2022 | +169.3% | +114.8% | +35.3% |
| 2021 | +177.8% | +63.0% | +3.1% |
| 2020 | -86.8% | -78.5% | -13.1% |
| 2019 | +17.9% | +13.7% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hasang Institute For Korean American Culture And Educat 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 Hasang Institute For Korean American Culture And Educat 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Hasang Institute For Korean American Culture And Educat
Is Hasang Institute For Korean American Culture And Educat a legitimate charity?
Based on AI analysis of IRS 990 filings, Hasang Institute For Korean American Culture And Educat (EIN: 270734811) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hasang Institute For Korean American Culture And Educat spend its money?
Detailed spending breakdown data is not yet available for Hasang Institute For Korean American Culture And Educat. Check back for updated IRS 990 analysis.
Are donations to Hasang Institute For Korean American Culture And Educat tax-deductible?
Hasang Institute For Korean American Culture And Educat is registered as a tax-exempt nonprofit (EIN: 270734811). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Hasang Institute For Korean American Culture And Educat showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Hasang Institute For Korean American Culture And Educat's revenue has grown by 54.8%, moving from $176K to $273K. Total assets increased by 165.6% over the same period, from $94K to $249K. Total functional expenses rose by 25.8%, from $170K to $215K. In its most recent filing year (2023), Hasang Institute For Korean American Culture And Educat reported a surplus of $58K, with revenue exceeding expenses. The organization holds $26 in liabilities against $249K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $249K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $273K | $215K | $249K | $26 | — | — |
| 2022 | $229K | $178K | $191K | $119 | — | View 990 |
| 2021 | $85K | $83K | $141K | $912 | — | View 990 |
| 2020 | $31K | $51K | $137K | $-1,329 | — | — |
| 2019 | $231K | $236K | $158K | $-956 | — | View 990 |
| 2018 | $196K | $208K | $163K | $-311 | — | View 990 |
| 2017 | $220K | $205K | $175K | $1 | — | View 990 |
| 2016 | $236K | $206K | $162K | $2K | — | View 990 |
| 2015 | $205K | $207K | $132K | $455 | — | View 990 |
| 2014 | $221K | $237K | $133K | $230 | — | View 990 |
| 2013 | $215K | $203K | $149K | $423 | — | View 990 |
| 2012 | $165K | $166K | $137K | $175 | — | View 990 |
| 2011 | $226K | $182K | $138K | $649 | — | View 990 |
| 2010 | $176K | $170K | $94K | $713 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $273K, expenses of $215K, and assets of $249K (revenue +19.3% year-over-year).
- 2022: Revenue of $229K, expenses of $178K, and assets of $191K (revenue +169.3% year-over-year).
- 2021: Revenue of $85K, expenses of $83K, and assets of $141K (revenue +177.8% year-over-year).
- 2020: Revenue of $31K, expenses of $51K, and assets of $137K (revenue -86.8% year-over-year).
- 2019: Revenue of $231K, expenses of $236K, and assets of $158K (revenue +17.9% year-over-year).
- 2018: Revenue of $196K, expenses of $208K, and assets of $163K (revenue -10.8% year-over-year).
- 2017: Revenue of $220K, expenses of $205K, and assets of $175K (revenue -6.6% year-over-year).
- 2016: Revenue of $236K, expenses of $206K, and assets of $162K (revenue +14.6% year-over-year).
- 2015: Revenue of $205K, expenses of $207K, and assets of $132K (revenue -7.2% year-over-year).
- 2014: Revenue of $221K, expenses of $237K, and assets of $133K (revenue +3.1% year-over-year).
- 2013: Revenue of $215K, expenses of $203K, and assets of $149K (revenue +29.8% year-over-year).
- 2012: Revenue of $165K, expenses of $166K, and assets of $137K (revenue -26.8% year-over-year).
- 2011: Revenue of $226K, expenses of $182K, and assets of $138K (revenue +28.2% year-over-year).
- 2010: Revenue of $176K, expenses of $170K, and assets of $94K.
Data Sources and Methodology
This transparency report for Hasang Institute For Korean American Culture And Educat 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.