Korean Evangelical Church Of Washington
EIN: 510239128 · Falls Church, VA · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $547K |
| Total Expenses | $480K |
| Net Assets | $396K |
Is Korean Evangelical Church Of Washington Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Korean Evangelical Church Of Washington
Korean Evangelical Church Of Washington (EIN: 510239128) is a nonprofit organization based in Falls Church, VA, classified under NTEE code X20. The organization reported total revenue of $547K and total assets of $908K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korean Evangelical Church Of Washington's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Korean Evangelical Church Of Washington is a small nonprofit that has been operating for 14 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $556K |
| Total Expenses | $480K |
| Surplus / Deficit | +$75K |
| Total Assets | $884K |
| Total Liabilities | $487K |
| Net Assets | $396K |
| Operating Margin | 13.6% |
| Debt-to-Asset Ratio | 55.1% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2023, Korean Evangelical Church Of Washington reported a surplus of $75K with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 55.1% (high leverage).
Financial Trends
Over 11 years of filings (2011–2023), Korean Evangelical Church Of Washington's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.0% | -8.1% | -5.6% |
| 2022 | +0.0% | -0.6% | +3.1% |
| 2021 | -6.0% | -3.5% | +1.3% |
| 2020 | +9.2% | +13.1% | -1.5% |
| 2018 | +26.5% | +23.4% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Korean Evangelical Church Of Washington 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 Evangelical Church Of Washington 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 $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.1%.
Frequently Asked Questions about Korean Evangelical Church Of Washington
Is Korean Evangelical Church Of Washington a legitimate charity?
Korean Evangelical Church Of Washington (EIN: 510239128) is a registered tax-exempt nonprofit based in Virginia. It has 11 years of IRS 990 filings on record. Total revenue: $547K. No red flags identified. Financial health grade: A.
How does Korean Evangelical Church Of Washington spend its money?
Korean Evangelical Church Of Washington reported $547K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Korean Evangelical Church Of Washington tax-deductible?
Korean Evangelical Church Of Washington is registered as a tax-exempt nonprofit (EIN: 510239128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Korean Evangelical Church Of Washington located?
Korean Evangelical Church Of Washington is headquartered in Falls Church, Virginia and files with the IRS under EIN 510239128. It is classified under NTEE code X20.
How many years of IRS 990 filings does Korean Evangelical Church Of Washington have?
Korean Evangelical Church Of Washington has 11 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 $547K in total revenue.
Filing History
IRS 990 filing history for Korean Evangelical Church Of Washington showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Korean Evangelical Church Of Washington's revenue has grown by 342.1%, moving from $126K to $556K. Total assets increased by 14.8% over the same period, from $770K to $884K. Total functional expenses rose by 150.1%, from $192K to $480K. In its most recent filing year (2023), Korean Evangelical Church Of Washington reported a surplus of $75K, with revenue exceeding expenses. The organization holds $487K in liabilities against $884K in assets (debt-to-asset ratio: 55.1%), resulting in net assets of $396K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $556K | $480K | $884K | $487K | — | — |
| 2022 | $550K | $523K | $936K | $400K | — | — |
| 2021 | $550K | $526K | $909K | $400K | — | View 990 |
| 2020 | $585K | $545K | $897K | $412K | — | — |
| 2018 | $536K | $482K | $911K | $500K | — | View 990 |
| 2017 | $423K | $391K | $855K | $222K | — | View 990 |
| 2015 | $283K | $274K | $853K | $273K | — | View 990 |
| 2014 | $206K | $201K | $840K | $194K | — | View 990 |
| 2013 | $199K | $192K | $842K | $200K | — | View 990 |
| 2012 | $194K | $174K | $841K | $206K | — | View 990 |
| 2011 | $126K | $192K | $770K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $556K, expenses of $480K, and assets of $884K (revenue +1.0% year-over-year).
- 2022: Revenue of $550K, expenses of $523K, and assets of $936K (revenue +0.0% year-over-year).
- 2021: Revenue of $550K, expenses of $526K, and assets of $909K (revenue -6.0% year-over-year).
- 2020: Revenue of $585K, expenses of $545K, and assets of $897K (revenue +9.2% year-over-year).
- 2018: Revenue of $536K, expenses of $482K, and assets of $911K (revenue +26.5% year-over-year).
- 2017: Revenue of $423K, expenses of $391K, and assets of $855K (revenue +49.5% year-over-year).
- 2015: Revenue of $283K, expenses of $274K, and assets of $853K (revenue +37.8% year-over-year).
- 2014: Revenue of $206K, expenses of $201K, and assets of $840K (revenue +3.5% year-over-year).
- 2013: Revenue of $199K, expenses of $192K, and assets of $842K (revenue +2.5% year-over-year).
- 2012: Revenue of $194K, expenses of $174K, and assets of $841K (revenue +54.2% year-over-year).
- 2011: Revenue of $126K, expenses of $192K, and assets of $770K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Korean Evangelical Church Of Washington:
Data Sources and Methodology
This transparency report for Korean Evangelical Church Of Washington 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.