Kook Min Hur Foundation
Kook Min Hur Foundation consistently operates at a deficit, drawing down assets over time.
EIN: 20718525 · Honolulu, HI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $339K |
| Total Expenses | $38K |
| Program Spending | 70% |
| Net Assets | $460K |
| Transparency Score | 65/100 |
Is Kook Min Hur Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kook Min Hur Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Kook Min Hur Foundation
Kook Min Hur Foundation (EIN: 20718525) is a nonprofit organization based in Honolulu, HI, classified under NTEE code T22. The organization reported total revenue of $339K and total assets of $446K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kook Min Hur Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kook Min Hur Foundation is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $38K |
| Surplus / Deficit | $-15,862 |
| Total Assets | $460K |
| Total Liabilities | $1 |
| Net Assets | $460K |
| Operating Margin | -70.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 144.5 months |
Financial Health Grade: B
In 2023, Kook Min Hur Foundation reported a deficit of $16K with expenses exceeding revenue, holds 144.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Kook Min Hur Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +62.5% | +-0.0% | -3.3% |
| 2022 | -74.5% | +5.3% | -4.9% |
| 2021 | +48.9% | +3.3% | +3.7% |
| 2020 | +100.9% | +7.7% | +0.2% |
| 2019 | -42.0% | +14.9% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Kook Min Hur Foundation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Kook Min Hur Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Kook Min Hur Foundation reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, 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 Kook Min Hur Foundation's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in most reported years (e.g., 2023, 2022, 2019, 2014, 2013, 2012).
- Gradual decline in total assets over the past decade, from $519,716 in 2011 to $460,403 in 2023, indicating an unsustainable financial model.
- Lack of detailed expense breakdown in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Kook Min Hur Foundation:
- Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
- Consistent filing of IRS 990 forms, demonstrating transparency.
- Maintains a significant asset base ($460,403 in 2023) relative to its annual expenses, providing financial stability in the short to medium term.
Frequently Asked Questions about Kook Min Hur Foundation
Is Kook Min Hur Foundation a legitimate charity?
Kook Min Hur Foundation (EIN: 20718525) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $339K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Kook Min Hur Foundation spend its money?
Kook Min Hur Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Kook Min Hur Foundation tax-deductible?
Kook Min Hur Foundation is registered as a tax-exempt nonprofit (EIN: 20718525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kook Min Hur Foundation's spending goes to programs?
Kook Min Hur Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Kook Min Hur Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Kook Min Hur Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kook Min Hur Foundation located?
Kook Min Hur Foundation is headquartered in Honolulu, Hawaii and files with the IRS under EIN 20718525. It is classified under NTEE code T22.
How many years of IRS 990 filings does Kook Min Hur Foundation have?
Kook Min Hur Foundation has 10 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 $339K in total revenue.
How does the Kook Min Hur Foundation cover its consistent operational deficits?
The foundation covers its operational deficits by drawing down its existing asset base. For instance, in 2023, expenses of $38,245 exceeded revenue of $22,383, leading to a reduction in assets from the previous year.
What are the primary sources of revenue for the Kook Min Hur Foundation?
The provided data shows fluctuating annual revenues, such as $22,383 in 2023 and $13,777 in 2022. Without further detail from the 990 filings, the specific primary sources (e.g., donations, investments) cannot be identified.
What specific programs does the Kook Min Hur Foundation fund?
The NTEE code T22 indicates the organization is involved in 'Scholarships & Student Financial Aid'. However, the provided financial data does not detail specific program expenditures.
Is the Kook Min Hur Foundation's asset decline a significant concern?
While the foundation's assets have declined from $519,716 in 2011 to $460,403 in 2023 due to consistent deficits, the current asset base is still substantial relative to its annual expenses (e.g., $38,245 in 2023), providing a buffer for several years. However, the trend is unsustainable long-term without changes.
Filing History
IRS 990 filing history for Kook Min Hur Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kook Min Hur Foundation's revenue has declined by 42.1%, moving from $39K to $22K. Total assets decreased by 11.4% over the same period, from $520K to $460K. Total functional expenses rose by 18.7%, from $32K to $38K. In its most recent filing year (2023), Kook Min Hur Foundation reported a deficit of $16K, with expenses exceeding revenue. The organization holds $1 in liabilities against $460K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $460K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22K | $38K | $460K | $1 | — | — |
| 2022 | $14K | $38K | $476K | $1 | — | — |
| 2021 | $54K | $36K | $501K | $1 | — | — |
| 2020 | $36K | $35K | $483K | $1 | — | View 990 |
| 2019 | $18K | $33K | $482K | $0 | — | View 990 |
| 2015 | $31K | $28K | $516K | $0 | — | View 990 |
| 2014 | $40K | $42K | $514K | $0 | — | View 990 |
| 2013 | $45K | $39K | $516K | $0 | — | View 990 |
| 2012 | $29K | $39K | $510K | $0 | — | View 990 |
| 2011 | $39K | $32K | $520K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22K, expenses of $38K, and assets of $460K (revenue +62.5% year-over-year).
- 2022: Revenue of $14K, expenses of $38K, and assets of $476K (revenue -74.5% year-over-year).
- 2021: Revenue of $54K, expenses of $36K, and assets of $501K (revenue +48.9% year-over-year).
- 2020: Revenue of $36K, expenses of $35K, and assets of $483K (revenue +100.9% year-over-year).
- 2019: Revenue of $18K, expenses of $33K, and assets of $482K (revenue -42.0% year-over-year).
- 2015: Revenue of $31K, expenses of $28K, and assets of $516K (revenue -21.2% year-over-year).
- 2014: Revenue of $40K, expenses of $42K, and assets of $514K (revenue -12.7% year-over-year).
- 2013: Revenue of $45K, expenses of $39K, and assets of $516K (revenue +55.4% year-over-year).
- 2012: Revenue of $29K, expenses of $39K, and assets of $510K (revenue -24.6% year-over-year).
- 2011: Revenue of $39K, expenses of $32K, and assets of $520K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kook Min Hur Foundation:
Data Sources and Methodology
This transparency report for Kook Min Hur Foundation 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.