Korean Language School Of Nebraksa
EIN: 812583025 · Omaha, NE · NTEE: A23
| Metric | Value |
|---|---|
| Total Revenue | $12K |
| Total Expenses | $11K |
| Net Assets | $12K |
Is Korean Language School Of Nebraksa Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Korean Language School Of Nebraksa
Korean Language School Of Nebraksa (EIN: 812583025) is a nonprofit organization based in Omaha, NE, classified under NTEE code A23. The organization reported total revenue of $12K and total assets of $12K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korean Language School Of Nebraksa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Korean Language School Of Nebraksa is a micro nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $11K |
| Surplus / Deficit | +$1K |
| Total Assets | $12K |
| Total Liabilities | $1 |
| Net Assets | $12K |
| Operating Margin | 10.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2023, Korean Language School Of Nebraksa reported a surplus of $1K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Korean Language School Of Nebraksa's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.9% | -26.2% | +11.5% |
| 2022 | +232.3% | +90.4% | -7.4% |
| 2021 | -35.8% | +32.4% | -23.8% |
| 2020 | -61.1% | -61.9% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| 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 Language School Of Nebraksa 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 Language School Of Nebraksa 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 $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Korean Language School Of Nebraksa
Is Korean Language School Of Nebraksa a legitimate charity?
Based on AI analysis of IRS 990 filings, Korean Language School Of Nebraksa (EIN: 812583025) insufficient data. 0 red flags identified, 0 strengths noted.
How does Korean Language School Of Nebraksa spend its money?
Detailed spending breakdown data is not yet available for Korean Language School Of Nebraksa. Check back for updated IRS 990 analysis.
Are donations to Korean Language School Of Nebraksa tax-deductible?
Korean Language School Of Nebraksa is registered as a tax-exempt nonprofit (EIN: 812583025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Korean Language School Of Nebraksa located?
Korean Language School Of Nebraksa is headquartered in Omaha, Nebraska and files with the IRS under EIN 812583025. It is classified under NTEE code A23.
How many years of IRS 990 filings does Korean Language School Of Nebraksa have?
Korean Language School Of Nebraksa has 5 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 $12K in total revenue.
Filing History
IRS 990 filing history for Korean Language School Of Nebraksa showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Korean Language School Of Nebraksa's revenue has declined by 27.7%, moving from $17K to $12K. Total assets decreased by 17.6% over the same period, from $14K to $12K. Total functional expenses fell by 29%, from $15K to $11K. In its most recent filing year (2023), Korean Language School Of Nebraksa reported a surplus of $1K, with revenue exceeding expenses. The organization holds $1 in liabilities against $12K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $11K | $12K | $1 | — | — |
| 2022 | $14K | $15K | $10K | $1 | — | — |
| 2021 | $4K | $8K | $11K | $1 | — | — |
| 2020 | $6K | $6K | $15K | $1 | — | — |
| 2019 | $17K | $15K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $11K, and assets of $12K (revenue -12.9% year-over-year).
- 2022: Revenue of $14K, expenses of $15K, and assets of $10K (revenue +232.3% year-over-year).
- 2021: Revenue of $4K, expenses of $8K, and assets of $11K (revenue -35.8% year-over-year).
- 2020: Revenue of $6K, expenses of $6K, and assets of $15K (revenue -61.1% year-over-year).
- 2019: Revenue of $17K, expenses of $15K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Korean Language School Of Nebraksa:
Data Sources and Methodology
This transparency report for Korean Language School Of Nebraksa 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.