Korean American Senior Association Of Anchorage
EIN: 800873605 · Anchorage, AK · NTEE: P81
| Metric | Value |
|---|---|
| Total Revenue | $619K |
| Total Expenses | $40K |
| Net Assets | $67K |
Is Korean American Senior Association Of Anchorage 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 Senior Association Of Anchorage
Korean American Senior Association Of Anchorage (EIN: 800873605) is a nonprofit organization based in Anchorage, AK, classified under NTEE code P81. The organization reported total revenue of $619K and total assets of $81K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korean American Senior Association Of Anchorage's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Korean American Senior Association Of Anchorage is a small nonprofit that has been operating for 7 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 19.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $40K |
| Surplus / Deficit | +$32K |
| Total Assets | $67K |
| Net Assets | $67K |
| Operating Margin | 44.4% |
| Months of Reserves | 20.3 months |
Financial Health Grade: A
In 2023, Korean American Senior Association Of Anchorage reported a surplus of $32K with revenue exceeding expenses, holds 20.3 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Korean American Senior Association Of Anchorage's revenue has grown at a compound annual growth rate (CAGR) of 19.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.9% | +45.9% | +89.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Korean American Senior Association Of Anchorage 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 Senior Association Of Anchorage 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 $32K, with revenue exceeding expenses.
Frequently Asked Questions about Korean American Senior Association Of Anchorage
Is Korean American Senior Association Of Anchorage a legitimate charity?
Korean American Senior Association Of Anchorage (EIN: 800873605) is a registered tax-exempt nonprofit based in Alaska. It has 2 years of IRS 990 filings on record. Total revenue: $619K. No red flags identified. Financial health grade: A.
How does Korean American Senior Association Of Anchorage spend its money?
Korean American Senior Association Of Anchorage reported $619K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Korean American Senior Association Of Anchorage tax-deductible?
Korean American Senior Association Of Anchorage is registered as a tax-exempt nonprofit (EIN: 800873605). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Korean American Senior Association Of Anchorage located?
Korean American Senior Association Of Anchorage is headquartered in Anchorage, Alaska and files with the IRS under EIN 800873605. It is classified under NTEE code P81.
How many years of IRS 990 filings does Korean American Senior Association Of Anchorage have?
Korean American Senior Association Of Anchorage has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $619K in total revenue.
Filing History
IRS 990 filing history for Korean American Senior Association Of Anchorage showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Korean American Senior Association Of Anchorage's revenue has grown by 19.9%, moving from $59K to $71K. Total assets increased by 89.9% over the same period, from $35K to $67K. Total functional expenses rose by 45.9%, from $27K to $40K. In its most recent filing year (2023), Korean American Senior Association Of Anchorage reported a surplus of $32K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71K | $40K | $67K | $0 | — | — |
| 2022 | $59K | $27K | $35K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Korean American Senior Association Of Anchorage:
Data Sources and Methodology
This transparency report for Korean American Senior Association Of Anchorage 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.