Hong Kong Trade Development Council Inc
Hong Kong Trade Development Council Inc. consistently operates near break-even with no reported officer compensation and zero liabilities.
EIN: 133496835 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.5M |
| Total Expenses | $5.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $1.2M |
| Transparency Score | 80/100 |
Is Hong Kong Trade Development Council Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hong Kong Trade Development Council Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hong Kong Trade Development Council Inc
Hong Kong Trade Development Council Inc (EIN: 133496835) is a nonprofit organization based in New York, NY. The organization reported total revenue of $5.5M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hong Kong Trade Development Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hong Kong Trade Development Council Inc is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $5.2M |
| Surplus / Deficit | $-69,280 |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | -1.4% |
| Months of Reserves | 2.9 months |
Financial Health Grade: C
In 2024, Hong Kong Trade Development Council Inc reported a deficit of $69K with expenses exceeding revenue, holds 2.9 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2024), Hong Kong Trade Development Council Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.4% | +11.4% | +0.2% |
| 2023 | +2.5% | -0.9% | -6.6% |
| 2022 | -2.2% | +2.4% | -16.3% |
| 2021 | -41.0% | -38.6% | +4.8% |
| 2019 | +6.9% | +1.9% | +17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1990 |
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 Hong Kong Trade Development Council Inc with a Mission Score of 80 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, Hong Kong Trade Development Council 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $69K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with annual revenues exceeding $5 million. This suggests that executive leadership may be compensated through an affiliated entity or is entirely volunteer-based, warranting further investigation for full transparency.
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 Hong Kong Trade Development Council Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and revenue, potentially obscuring executive compensation details.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Hong Kong Trade Development Council Inc:
- Consistent reporting of $0 in liabilities across all filings, indicating strong financial health and no debt burden.
- Stable asset base, consistently over $1.2 million, providing a solid financial foundation.
- Long and consistent IRS 990 filing history (13 filings), demonstrating commitment to regulatory compliance.
- Lean operational model, with expenses closely matching revenue, suggesting efficient use of funds without significant accumulation of reserves.
Frequently Asked Questions about Hong Kong Trade Development Council Inc
Is Hong Kong Trade Development Council Inc a legitimate charity?
Hong Kong Trade Development Council Inc (EIN: 133496835) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.5M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Hong Kong Trade Development Council Inc spend its money?
Hong Kong Trade Development Council Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hong Kong Trade Development Council Inc tax-deductible?
Hong Kong Trade Development Council Inc is registered as a tax-exempt nonprofit (EIN: 133496835). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hong Kong Trade Development Council Inc CEO make?
Hong Kong Trade Development Council Inc's highest-compensated officer earns $5 annually. The organization reported $5.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hong Kong Trade Development Council Inc's spending goes to programs?
Hong Kong Trade Development Council Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hong Kong Trade Development Council Inc located?
Hong Kong Trade Development Council Inc is headquartered in New York, New York and files with the IRS under EIN 133496835.
How many years of IRS 990 filings does Hong Kong Trade Development Council Inc have?
Hong Kong Trade Development Council Inc has 13 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 $5.5M in total revenue.
Is the Hong Kong Trade Development Council Inc. financially stable?
Yes, the organization appears financially stable, consistently reporting $0 in liabilities and maintaining a stable asset base of over $1.2 million, despite often operating near break-even or with slight deficits.
How does the organization compensate its leadership if officer compensation is 0%?
The consistent reporting of 0% officer compensation across all filings is a significant anomaly. It suggests that executive leadership may be compensated by an affiliated entity, through non-cash benefits not reported as compensation, or that the leadership is entirely volunteer-based. This warrants further inquiry to understand the full compensation structure.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have generally fluctuated between $4.5 million and $8.7 million over the past decade, with expenses typically closely matching or slightly exceeding revenue, indicating a lean operational model without significant surplus accumulation.
Filing History
IRS 990 filing history for Hong Kong Trade Development Council Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Hong Kong Trade Development Council Inc's revenue has declined by 13.5%, moving from $5.9M to $5.1M. Total assets decreased by 34.7% over the same period, from $1.9M to $1.2M. Total functional expenses fell by 15%, from $6.1M to $5.2M. In its most recent filing year (2024), Hong Kong Trade Development Council Inc reported a deficit of $69K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.1M | $5.2M | $1.2M | $0 | — | View 990 |
| 2023 | $4.6M | $4.7M | $1.2M | $0 | — | View 990 |
| 2022 | $4.4M | $4.7M | $1.3M | $0 | — | View 990 |
| 2021 | $4.5M | $4.6M | $1.6M | $0 | — | View 990 |
| 2019 | $7.7M | $7.5M | $1.5M | $0 | — | View 990 |
| 2018 | $7.2M | $7.3M | $1.3M | $0 | — | View 990 |
| 2017 | $7.3M | $7.3M | $1.4M | $0 | — | View 990 |
| 2016 | $8.1M | $8.2M | $1.3M | $0 | — | View 990 |
| 2015 | $6.6M | $6.7M | $1.4M | $0 | — | — |
| 2014 | $8.5M | $8.8M | $1.5M | $0 | — | View 990 |
| 2013 | $6.5M | $6.7M | $1.8M | $0 | — | View 990 |
| 2012 | $6.0M | $5.8M | $1.9M | $0 | — | View 990 |
| 2011 | $5.9M | $6.1M | $1.9M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.1M, expenses of $5.2M, and assets of $1.2M (revenue +12.4% year-over-year).
- 2023: Revenue of $4.6M, expenses of $4.7M, and assets of $1.2M (revenue +2.5% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.7M, and assets of $1.3M (revenue -2.2% year-over-year).
- 2021: Revenue of $4.5M, expenses of $4.6M, and assets of $1.6M (revenue -41.0% year-over-year).
- 2019: Revenue of $7.7M, expenses of $7.5M, and assets of $1.5M (revenue +6.9% year-over-year).
- 2018: Revenue of $7.2M, expenses of $7.3M, and assets of $1.3M (revenue -0.9% year-over-year).
- 2017: Revenue of $7.3M, expenses of $7.3M, and assets of $1.4M (revenue -10.2% year-over-year).
- 2016: Revenue of $8.1M, expenses of $8.2M, and assets of $1.3M (revenue +22.9% year-over-year).
- 2015: Revenue of $6.6M, expenses of $6.7M, and assets of $1.4M (revenue -22.3% year-over-year).
- 2014: Revenue of $8.5M, expenses of $8.8M, and assets of $1.5M (revenue +29.6% year-over-year).
- 2013: Revenue of $6.5M, expenses of $6.7M, and assets of $1.8M (revenue +9.7% year-over-year).
- 2012: Revenue of $6.0M, expenses of $5.8M, and assets of $1.9M (revenue +0.7% year-over-year).
- 2011: Revenue of $5.9M, expenses of $6.1M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hong Kong Trade Development Council Inc:
Data Sources and Methodology
This transparency report for Hong Kong Trade Development Council 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.