Korean Community Center
EIN: 463471871 · Alexandria, VA · NTEE: A23
Is Korean Community Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Korean Community Center
Korean Community Center (EIN: 463471871) is a nonprofit organization based in Alexandria, VA, classified under NTEE code A23. The organization reported total revenue of $569K and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korean Community Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Korean Community Center is a small nonprofit that has been operating for 10 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 37.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $578K |
| Total Expenses | $739K |
| Surplus / Deficit | $-161,022 |
| Total Assets | $4.4M |
| Total Liabilities | $1.8M |
| Net Assets | $2.6M |
| Operating Margin | -27.9% |
| Debt-to-Asset Ratio | 40.8% |
| Months of Reserves | 71.9 months |
Financial Health Grade: B
In 2023, Korean Community Center reported a deficit of $161K with expenses exceeding revenue, holds 71.9 months of operating reserves (strong position), has a debt-to-asset ratio of 40.8% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Korean Community Center's revenue has grown at a compound annual growth rate (CAGR) of 37.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +106.3% | +57.9% | +1.8% |
| 2022 | -29.2% | +46.5% | -3.7% |
| 2021 | -2.7% | -16.7% | +1.7% |
| 2020 | -72.4% | -83.7% | +0.5% |
| 2019 | +117.1% | +252318.7% | +237.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Korean Community Center 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 Community Center 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 deficit of $161K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.8%.
Frequently Asked Questions about Korean Community Center
Is Korean Community Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Korean Community Center (EIN: 463471871) insufficient data. 0 red flags identified, 0 strengths noted.
How does Korean Community Center spend its money?
Detailed spending breakdown data is not yet available for Korean Community Center. Check back for updated IRS 990 analysis.
Are donations to Korean Community Center tax-deductible?
Korean Community Center is registered as a tax-exempt nonprofit (EIN: 463471871). 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 Community Center showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Korean Community Center's revenue has grown by 1639.7%, moving from $33K to $578K. Total assets increased by 15821% over the same period, from $28K to $4.4M. Total functional expenses rose by 13559.2%, from $5K to $739K. In its most recent filing year (2023), Korean Community Center reported a deficit of $161K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $4.4M in assets (debt-to-asset ratio: 40.8%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $578K | $739K | $4.4M | $1.8M | — | View 990 |
| 2022 | $280K | $468K | $4.4M | $1.6M | — | View 990 |
| 2021 | $396K | $319K | $4.5M | $1.6M | — | — |
| 2020 | $407K | $383K | $4.4M | $1.6M | — | View 990 |
| 2019 | $1.5M | $2.4M | $4.4M | $1.6M | — | View 990 |
| 2018 | $679K | $932 | $1.3M | $0 | — | View 990 |
| 2017 | $304K | $2K | $636K | $0 | — | View 990 |
| 2016 | $332K | $49K | $334K | $0 | — | View 990 |
| 2015 | $25K | $2K | $51K | $0 | — | View 990 |
| 2014 | $33K | $5K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $578K, expenses of $739K, and assets of $4.4M (revenue +106.3% year-over-year).
- 2022: Revenue of $280K, expenses of $468K, and assets of $4.4M (revenue -29.2% year-over-year).
- 2021: Revenue of $396K, expenses of $319K, and assets of $4.5M (revenue -2.7% year-over-year).
- 2020: Revenue of $407K, expenses of $383K, and assets of $4.4M (revenue -72.4% year-over-year).
- 2019: Revenue of $1.5M, expenses of $2.4M, and assets of $4.4M (revenue +117.1% year-over-year).
- 2018: Revenue of $679K, expenses of $932, and assets of $1.3M (revenue +123.5% year-over-year).
- 2017: Revenue of $304K, expenses of $2K, and assets of $636K (revenue -8.6% year-over-year).
- 2016: Revenue of $332K, expenses of $49K, and assets of $334K (revenue +1236.3% year-over-year).
- 2015: Revenue of $25K, expenses of $2K, and assets of $51K (revenue -25.2% year-over-year).
- 2014: Revenue of $33K, expenses of $5K, and assets of $28K.
Data Sources and Methodology
This transparency report for Korean Community Center 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.