Koam Education Alliance
Koam Education Alliance faces significant financial contraction with declining revenue and persistent negative net assets.
EIN: 203380172 · Eden Prairie, MN · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $138K |
| Total Expenses | $112K |
| Program Spending | 80% |
| Net Assets | $-146,378 |
| Transparency Score | 45/100 |
Is Koam Education Alliance Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Koam Education Alliance directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Koam Education Alliance
Koam Education Alliance (EIN: 203380172) is a nonprofit organization based in Eden Prairie, MN, classified under NTEE code O50. The organization reported total revenue of $138K and total assets of $59K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Koam Education Alliance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Koam Education Alliance is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $113K |
| Total Expenses | $112K |
| Surplus / Deficit | +$652 |
| Total Assets | $49K |
| Total Liabilities | $195K |
| Net Assets | $-146,378 |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 399.9% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2023, Koam Education Alliance reported a surplus of $652 with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 399.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Koam Education Alliance's revenue has declined at a compound annual growth rate (CAGR) of -19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.6% | +8.3% | -56.1% |
| 2022 | +80.5% | +83.8% | -46.4% |
| 2021 | -36.4% | -80.9% | +21.9% |
| 2020 | -71.3% | -43.9% | -56.3% |
| 2019 | -4.9% | -11.5% | -16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Koam Education Alliance 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Koam Education Alliance allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 surplus of $652, with revenue exceeding expenses.
- Debt-to-asset ratio: 399.9%.
Executive Compensation Analysis
Koam Education Alliance consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is a positive for resource allocation.
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 Koam Education Alliance's IRS 990 filings:
- Significant and consistent decline in annual revenue from $1,035,280 in 2014 to $112,897 in 2023.
- Persistent negative net assets, with liabilities consistently exceeding assets (e.g., $195,184 liabilities vs. $48,806 assets in 2023).
- Substantial decrease in total assets over time, from $915,027 in 2014 to $48,806 in 2023.
Strengths
The following positive indicators were identified for Koam Education Alliance:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for non-executive purposes.
- Expenses generally kept close to or below revenue in recent years (e.g., 2023: $112,245 expenses vs. $112,897 revenue).
Frequently Asked Questions about Koam Education Alliance
Is Koam Education Alliance a legitimate charity?
Based on AI analysis of IRS 990 filings, Koam Education Alliance (EIN: 203380172) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Koam Education Alliance spend its money?
Koam Education Alliance directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Koam Education Alliance tax-deductible?
Koam Education Alliance is registered as a tax-exempt nonprofit (EIN: 203380172). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Koam Education Alliance's spending goes to programs?
Koam Education Alliance directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Koam Education Alliance compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Koam Education Alliance is near average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Koam Education Alliance located?
Koam Education Alliance is headquartered in Eden Prairie, Minnesota and files with the IRS under EIN 203380172. It is classified under NTEE code O50.
How many years of IRS 990 filings does Koam Education Alliance have?
Koam Education Alliance 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 $138K in total revenue.
Is Koam Education Alliance financially sustainable given its declining revenue and negative net assets?
The organization's revenue has dropped from over $1 million in 2014 to $112,897 in 2023, and its liabilities consistently exceed assets, suggesting significant financial sustainability challenges.
What is the cause of the substantial decline in revenue over the past decade?
The provided data does not specify the reasons for the revenue decline, but it is a critical area for further investigation to understand the organization's financial trajectory.
How does the organization manage its significant liabilities relative to its assets?
With liabilities of $195,184 against assets of $48,806 in 2023, and similar trends in prior years, the organization operates with a substantial negative net asset position, which could indicate reliance on debt or other non-asset-backed funding.
Filing History
IRS 990 filing history for Koam Education Alliance showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Koam Education Alliance's revenue has declined by 92.8%, moving from $1.6M to $113K. Total assets decreased by 94.6% over the same period, from $901K to $49K. Total functional expenses fell by 92.7%, from $1.5M to $112K. In its most recent filing year (2023), Koam Education Alliance reported a surplus of $652, with revenue exceeding expenses. The organization holds $195K in liabilities against $49K in assets (debt-to-asset ratio: 399.9%), resulting in net assets of $-146,378.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $113K | $112K | $49K | $195K | — | — |
| 2022 | $187K | $104K | $111K | $258K | — | View 990 |
| 2021 | $104K | $56K | $207K | $437K | — | View 990 |
| 2020 | $163K | $295K | $170K | $447K | — | — |
| 2019 | $568K | $527K | $389K | $532K | — | View 990 |
| 2018 | $597K | $595K | $464K | $540K | — | View 990 |
| 2017 | $679K | $586K | $518K | $596K | — | View 990 |
| 2016 | $799K | $758K | $429K | $599K | — | View 990 |
| 2015 | $923K | $1.0M | $686K | $897K | — | View 990 |
| 2014 | $1.0M | $1.0M | $915K | $1.0M | — | View 990 |
| 2013 | $1.2M | $1.2M | $879K | $990K | — | View 990 |
| 2012 | $1.3M | $1.4M | $1.0M | $1.2M | — | View 990 |
| 2011 | $1.6M | $1.5M | $901K | $990K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $113K, expenses of $112K, and assets of $49K (revenue -39.6% year-over-year).
- 2022: Revenue of $187K, expenses of $104K, and assets of $111K (revenue +80.5% year-over-year).
- 2021: Revenue of $104K, expenses of $56K, and assets of $207K (revenue -36.4% year-over-year).
- 2020: Revenue of $163K, expenses of $295K, and assets of $170K (revenue -71.3% year-over-year).
- 2019: Revenue of $568K, expenses of $527K, and assets of $389K (revenue -4.9% year-over-year).
- 2018: Revenue of $597K, expenses of $595K, and assets of $464K (revenue -12.0% year-over-year).
- 2017: Revenue of $679K, expenses of $586K, and assets of $518K (revenue -15.1% year-over-year).
- 2016: Revenue of $799K, expenses of $758K, and assets of $429K (revenue -13.4% year-over-year).
- 2015: Revenue of $923K, expenses of $1.0M, and assets of $686K (revenue -10.8% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $915K (revenue -16.7% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $879K (revenue -6.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.4M, and assets of $1.0M (revenue -15.5% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.5M, and assets of $901K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Koam Education Alliance:
Data Sources and Methodology
This transparency report for Koam Education Alliance 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.