Korean American Senior Mutual Association Inc
Korean American Senior Mutual Association Inc shows consistent revenue and asset growth but reports no officer compensation.
EIN: 113323060 · Flushing, NY · NTEE: P81Z · Updated: 2026-03-28
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Korean American Senior Mutual Association Inc is mapped to EIN 113323060.
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9 stored filing years available.
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9 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $4.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $1.8M |
| Transparency Score | 70/100 |
Search Intent Cockpit
Korean American Senior Mutual Association Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Korean American Senior Mutual Association Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Korean American Senior Mutual Association Inc in one place.
Form 990 Filing Summary
9 filing years are available, with latest revenue of $4.2M and expenses of $4.2M.
Revenue and Expenses
Korean American Senior Mutual Association Inc reported $4.2M in revenue and $4.2M in expenses, a surplus of $34K.
Executive Compensation
Top officer compensation appears as $4 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
70/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Korean American Senior Mutual Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.6M (85%) |
Across stored filings, Korean American Senior Mutual Association Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 9 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Human Services context |
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Korean American Senior Mutual Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Korean American Senior Mutual Association Inc
Korean American Senior Mutual Association Inc (EIN: 113323060) is a nonprofit organization based in Flushing, NY, classified under NTEE code P81Z. The organization reported total revenue of $4.2M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korean American Senior Mutual Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Korean American Senior Mutual Association Inc is a mid-size nonprofit that has been operating for 28 years, with 9 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$34K |
| Total Assets | $1.8M |
| Total Liabilities | $10K |
| Net Assets | $1.8M |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2020, Korean American Senior Mutual Association Inc reported a surplus of $34K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2020), Korean American Senior Mutual Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +12.0% | +10.8% | +1.4% |
| 2019 | +2.3% | +3.6% | +0.0% |
| 2018 | +28.0% | +28.9% | +2.0% |
| 2017 | -8.3% | -9.6% | +2.4% |
| 2016 | +7.9% | +8.9% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Korean American Senior Mutual Association Inc with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Korean American Senior Mutual Association 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all nine available filings, which is highly unusual for an entity with over $4 million in annual revenue. This lack of reported compensation makes it impossible to assess executive pay relative to organizational size and could indicate a reliance on volunteer leadership or a lack of transparency in reporting.
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 Korean American Senior Mutual Association Inc's IRS 990 filings:
- Consistent 0% officer compensation reported despite significant revenue
- Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data
Strengths
The following positive indicators were identified for Korean American Senior Mutual Association Inc:
- Consistent revenue growth over the past nine years
- Steady increase in assets, indicating financial stability
- Very low liabilities relative to assets and revenue
- Expenses closely track revenue, suggesting efficient financial management
Frequently Asked Questions about Korean American Senior Mutual Association Inc
Is Korean American Senior Mutual Association Inc a legitimate charity?
Korean American Senior Mutual Association Inc (EIN: 113323060) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 9 years of IRS 990 filings on record. Total revenue: $4.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Korean American Senior Mutual Association Inc spend its money?
Korean American Senior Mutual Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Korean American Senior Mutual Association Inc tax-deductible?
Korean American Senior Mutual Association Inc is registered as a tax-exempt nonprofit (EIN: 113323060). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Korean American Senior Mutual Association Inc CEO make?
Korean American Senior Mutual Association Inc's highest-compensated officer earns $4 annually. The organization reported $4.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Korean American Senior Mutual Association Inc's spending goes to programs?
Korean American Senior Mutual Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Korean American Senior Mutual Association Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Korean American Senior Mutual Association Inc is above average for NTEE category P81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Korean American Senior Mutual Association Inc located?
Korean American Senior Mutual Association Inc is headquartered in Flushing, New York and files with the IRS under EIN 113323060. It is classified under NTEE code P81Z.
How many years of IRS 990 filings does Korean American Senior Mutual Association Inc have?
Korean American Senior Mutual Association Inc has 9 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 $4.2M in total revenue.
Is Korean American Senior Mutual Association Inc a good charity?
The organization demonstrates financial stability with consistent revenue and asset growth. Its liabilities are very low, indicating good financial health. However, the complete absence of reported officer compensation across all filings is a significant transparency concern that prevents a full assessment of its operational efficiency and governance.
Why is officer compensation reported as 0%?
The IRS 990 filings consistently show 0% for officer, director, trustee, and key employee compensation. This could mean that all leadership positions are filled by unpaid volunteers, or there might be an issue with how compensation is reported. Without further information from the organization, the reason remains unclear and impacts transparency.
How has the organization's financial health changed over time?
The organization has shown steady financial growth. Revenue increased from $2,662,377 in 2012 to $4,226,074 in 2020, and assets grew from $1,480,289 to $1,826,883 over the same period. Expenses have generally tracked revenue, indicating consistent operational activity and a stable financial position.
Filing History
IRS 990 filing history for Korean American Senior Mutual Association Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2020), Korean American Senior Mutual Association Inc's revenue has grown by 58.7%, moving from $2.7M to $4.2M. Total assets increased by 23.4% over the same period, from $1.5M to $1.8M. Total functional expenses rose by 66.1%, from $2.5M to $4.2M. In its most recent filing year (2020), Korean American Senior Mutual Association Inc reported a surplus of $34K, with revenue exceeding expenses. The organization holds $10K in liabilities against $1.8M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $4.2M | $4.2M | $1.8M | $10K | — | View 990 |
| 2019 | $3.8M | $3.8M | $1.8M | $18K | — | View 990 |
| 2018 | $3.7M | $3.7M | $1.8M | $8K | — | — |
| 2017 | $2.9M | $2.8M | $1.8M | $11K | — | View 990 |
| 2016 | $3.1M | $3.1M | $1.7M | $21K | — | View 990 |
| 2015 | $2.9M | $2.9M | $1.7M | $4K | — | View 990 |
| 2014 | $2.7M | $2.6M | $1.6M | $17K | — | View 990 |
| 2013 | $2.1M | $2.1M | $1.5M | $18K | — | View 990 |
| 2012 | $2.7M | $2.5M | $1.5M | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $4.2M, expenses of $4.2M, and assets of $1.8M (revenue +12.0% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.8M, and assets of $1.8M (revenue +2.3% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.7M, and assets of $1.8M (revenue +28.0% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.8M, and assets of $1.8M (revenue -8.3% year-over-year).
- 2016: Revenue of $3.1M, expenses of $3.1M, and assets of $1.7M (revenue +7.9% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.9M, and assets of $1.7M (revenue +7.0% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.6M, and assets of $1.6M (revenue +27.5% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.1M, and assets of $1.5M (revenue -19.8% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.5M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Korean American Senior Mutual Association Inc:
Data Sources and Methodology
This transparency report for Korean American Senior Mutual Association 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.