Korean American Chamber Of Commerce Usa
EIN: 300210554 · Norcross, GA · NTEE: S41
Is Korean American Chamber Of Commerce Usa Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Korean American Chamber Of Commerce Usa
Korean American Chamber Of Commerce Usa (EIN: 300210554) is a nonprofit organization based in Norcross, GA, classified under NTEE code S41. The organization reported total revenue of $141K and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korean American Chamber Of Commerce Usa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Korean American Chamber Of Commerce Usa 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 Korean American Chamber Of Commerce Usa 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.
Frequently Asked Questions about Korean American Chamber Of Commerce Usa
Is Korean American Chamber Of Commerce Usa a legitimate charity?
Based on AI analysis of IRS 990 filings, Korean American Chamber Of Commerce Usa (EIN: 300210554) insufficient data. 0 red flags identified, 0 strengths noted.
How does Korean American Chamber Of Commerce Usa spend its money?
Detailed spending breakdown data is not yet available for Korean American Chamber Of Commerce Usa. Check back for updated IRS 990 analysis.
Are donations to Korean American Chamber Of Commerce Usa tax-deductible?
Korean American Chamber Of Commerce Usa is registered as a tax-exempt nonprofit (EIN: 300210554). 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 Korean American Chamber Of Commerce Usa showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Korean American Chamber Of Commerce Usa's revenue has grown by 965.6%, moving from $110K to $1.2M. Total assets increased by 69.2% over the same period, from $13K to $23K. Total functional expenses rose by 1464.9%, from $96K to $1.5M. In its most recent filing year (2024), Korean American Chamber Of Commerce Usa reported a deficit of $327K, with expenses exceeding revenue. The organization holds $14K in liabilities against $23K in assets (debt-to-asset ratio: 63.0%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1.2M | $1.5M | $23K | $14K | — | View 990 |
| 2021 | $21K | $20K | $7K | $0 | — | View 990 |
| 2020 | $139K | $138K | $6K | $0 | — | — |
| 2019 | $141K | $157K | $4K | $0 | — | View 990 |
| 2018 | $193K | $223K | $20K | $0 | — | View 990 |
| 2017 | $43K | $39K | $1 | $0 | — | View 990 |
| 2016 | $99K | $102K | $479 | $5K | — | View 990 |
| 2015 | $22K | $25K | $553 | $3K | — | View 990 |
| 2014 | $44K | $49K | $1K | $0 | — | View 990 |
| 2013 | $73K | $80K | $6K | $0 | — | View 990 |
| 2012 | $110K | $96K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.2M, expenses of $1.5M, and assets of $23K (revenue +5377.2% year-over-year).
- 2021: Revenue of $21K, expenses of $20K, and assets of $7K (revenue -84.7% year-over-year).
- 2020: Revenue of $139K, expenses of $138K, and assets of $6K (revenue -1.4% year-over-year).
- 2019: Revenue of $141K, expenses of $157K, and assets of $4K (revenue -26.6% year-over-year).
- 2018: Revenue of $193K, expenses of $223K, and assets of $20K (revenue +344.1% year-over-year).
- 2017: Revenue of $43K, expenses of $39K, and assets of $1 (revenue -56.3% year-over-year).
- 2016: Revenue of $99K, expenses of $102K, and assets of $479 (revenue +356.9% year-over-year).
- 2015: Revenue of $22K, expenses of $25K, and assets of $553 (revenue -50.9% year-over-year).
- 2014: Revenue of $44K, expenses of $49K, and assets of $1K (revenue -39.2% year-over-year).
- 2013: Revenue of $73K, expenses of $80K, and assets of $6K (revenue -33.6% year-over-year).
- 2012: Revenue of $110K, expenses of $96K, and assets of $13K.
Data Sources and Methodology
This transparency report for Korean American Chamber Of Commerce Usa 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.