Korean Community Service Center
EIN: 271518314 · Edmonds, WA · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.3M |
| Net Assets | $600K |
Is Korean Community Service 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 Service Center
Korean Community Service Center (EIN: 271518314) is a nonprofit organization based in Edmonds, WA, classified under NTEE code S20. The organization reported total revenue of $1.8M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korean Community Service Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Korean Community Service Center is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 35.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$226K |
| Total Assets | $741K |
| Total Liabilities | $141K |
| Net Assets | $600K |
| Operating Margin | 14.9% |
| Debt-to-Asset Ratio | 19.0% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2023, Korean Community Service Center reported a surplus of $226K with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 19.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Korean Community Service Center's revenue has grown at a compound annual growth rate (CAGR) of 35.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.0% | +13.6% | +40.4% |
| 2022 | +59.2% | +55.9% | +3.0% |
| 2021 | -11.8% | +50.0% | -8.4% |
| 2020 | +163.9% | +52.0% | +1534.3% |
| 2019 | +126.7% | +134.9% | +230.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Korean Community Service 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 Service 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 surplus of $226K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.0%.
Frequently Asked Questions about Korean Community Service Center
Is Korean Community Service Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Korean Community Service Center (EIN: 271518314) insufficient data. 0 red flags identified, 0 strengths noted.
How does Korean Community Service Center spend its money?
Detailed spending breakdown data is not yet available for Korean Community Service Center. Check back for updated IRS 990 analysis.
Are donations to Korean Community Service Center tax-deductible?
Korean Community Service Center is registered as a tax-exempt nonprofit (EIN: 271518314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Korean Community Service Center located?
Korean Community Service Center is headquartered in Edmonds, Washington and files with the IRS under EIN 271518314. It is classified under NTEE code S20.
How many years of IRS 990 filings does Korean Community Service Center have?
Korean Community Service Center has 13 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 $1.8M in total revenue.
Filing History
IRS 990 filing history for Korean Community Service Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Korean Community Service Center's revenue has grown by 3565.2%, moving from $41K to $1.5M. Total assets increased by 2663.8% over the same period, from $27K to $741K. Total functional expenses rose by 4800.8%, from $26K to $1.3M. In its most recent filing year (2023), Korean Community Service Center reported a surplus of $226K, with revenue exceeding expenses. The organization holds $141K in liabilities against $741K in assets (debt-to-asset ratio: 19.0%), resulting in net assets of $600K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.3M | $741K | $141K | — | — |
| 2022 | $1.2M | $1.1M | $527K | $165K | — | View 990 |
| 2021 | $728K | $729K | $512K | $172K | — | View 990 |
| 2020 | $825K | $486K | $559K | $217K | — | — |
| 2019 | $313K | $320K | $34K | $31K | — | View 990 |
| 2018 | $138K | $136K | $10K | $0 | — | View 990 |
| 2017 | $89K | $98K | $7K | $0 | — | View 990 |
| 2016 | $68K | $66K | $17K | $0 | — | View 990 |
| 2015 | $76K | $96K | $15K | $0 | — | View 990 |
| 2014 | $62K | $58K | $35K | $0 | — | View 990 |
| 2013 | $63K | $50K | $32K | $0 | — | View 990 |
| 2012 | $32K | $40K | $19K | $0 | — | View 990 |
| 2011 | $41K | $26K | $27K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.3M, and assets of $741K (revenue +31.0% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $527K (revenue +59.2% year-over-year).
- 2021: Revenue of $728K, expenses of $729K, and assets of $512K (revenue -11.8% year-over-year).
- 2020: Revenue of $825K, expenses of $486K, and assets of $559K (revenue +163.9% year-over-year).
- 2019: Revenue of $313K, expenses of $320K, and assets of $34K (revenue +126.7% year-over-year).
- 2018: Revenue of $138K, expenses of $136K, and assets of $10K (revenue +55.3% year-over-year).
- 2017: Revenue of $89K, expenses of $98K, and assets of $7K (revenue +31.4% year-over-year).
- 2016: Revenue of $68K, expenses of $66K, and assets of $17K (revenue -11.5% year-over-year).
- 2015: Revenue of $76K, expenses of $96K, and assets of $15K (revenue +22.9% year-over-year).
- 2014: Revenue of $62K, expenses of $58K, and assets of $35K (revenue -1.8% year-over-year).
- 2013: Revenue of $63K, expenses of $50K, and assets of $32K (revenue +96.9% year-over-year).
- 2012: Revenue of $32K, expenses of $40K, and assets of $19K (revenue -22.4% year-over-year).
- 2011: Revenue of $41K, expenses of $26K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Korean Community Service Center:
Data Sources and Methodology
This transparency report for Korean Community Service 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.