Korean Library Foundation
Korean Library Foundation maintains strong assets and zero officer compensation despite recent revenue dip.
EIN: 203213697 · Honolulu, HI · NTEE: B127 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $70K |
| Total Expenses | $60K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $69,555. |
| Net Assets | $383K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Korean Library Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Korean Library Foundation 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 Library Foundation in one place.
Form 990 Filing Summary
6 filing years are available, with latest revenue of $49K and expenses of $60K.
Revenue and Expenses
Korean Library Foundation reported $49K in revenue and $60K in expenses, a deficit of $11K.
Executive Compensation
Top officer compensation appears as $69,555. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
92/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Korean Library Foundation 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 | $54K (90%) |
Across stored filings, Korean Library Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 6 stored filing years |
| Peer context | Compare with Friends Of Nelha | Hawaii and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Local and Sector Spokes
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Honolulu, HI nonprofitsEducation in Hawaii
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Korean Library Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Korean Library Foundation
Korean Library Foundation (EIN: 203213697) is a nonprofit organization based in Honolulu, HI, classified under NTEE code B127. The organization reported total revenue of $70K and total assets of $394K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korean Library Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Korean Library Foundation is a micro nonprofit that has been operating for 13 years, with 6 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $60K |
| Surplus / Deficit | $-11,034 |
| Total Assets | $383K |
| Total Liabilities | $1 |
| Net Assets | $383K |
| Operating Margin | -22.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 76.1 months |
Financial Health Grade: B
In 2024, Korean Library Foundation reported a deficit of $11K with expenses exceeding revenue, holds 76.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2024), Korean Library Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -23.0% | +27.7% | -2.8% |
| 2023 | -5.5% | +29.2% | +4.5% |
| 2022 | -17.6% | -34.2% | +9.0% |
| 2021 | +23.0% | +13.1% | +8.4% |
| 2020 | +99.5% | +71.5% | +93.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Library Foundation with a Mission Score of 92 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Korean Library Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer channels, which is highly efficient for an organization of its size with latest revenue of $69,555.
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 Library Foundation's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (2024), indicating a deficit for that period ($60,345 expenses vs. $49,311 revenue).
Strengths
The following positive indicators were identified for Korean Library Foundation:
- Consistent asset growth over more than a decade, from $164,649 in 2011 to $382,889 in 2024.
- 0% officer compensation reported across all filings, indicating high efficiency and dedication.
- Minimal liabilities ($0-$1) consistently reported, demonstrating strong financial management.
- Long history of IRS 990 filings (6 filings), indicating strong transparency.
- Generally effective expense management, often keeping expenses below revenue.
Frequently Asked Questions about Korean Library Foundation
Is Korean Library Foundation a legitimate charity?
Korean Library Foundation (EIN: 203213697) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 92/100. It has 6 years of IRS 990 filings on record. Total revenue: $70K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Korean Library Foundation spend its money?
Korean Library Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Korean Library Foundation tax-deductible?
Korean Library Foundation is registered as a tax-exempt nonprofit (EIN: 203213697). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Korean Library Foundation CEO make?
Korean Library Foundation's highest-compensated officer earns $69,555. annually. The organization reported $70K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Korean Library Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Korean Library Foundation is above average for NTEE category B127 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Korean Library Foundation located?
Korean Library Foundation is headquartered in Honolulu, Hawaii and files with the IRS under EIN 203213697. It is classified under NTEE code B127.
How many years of IRS 990 filings does Korean Library Foundation have?
Korean Library Foundation has 6 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 $70K in total revenue.
Is the Korean Library Foundation financially stable?
Yes, the foundation appears financially stable, with assets consistently growing from $164,649 in 2011 to $382,889 in 2024, and minimal liabilities reported ($0-$1).
How does the organization manage its expenses?
The organization generally manages its expenses well, often keeping them below revenue, as seen in 2023 ($47,238 expenses vs. $64,064 revenue). However, the 2024 filing shows expenses ($60,345) exceeding revenue ($49,311).
What is the trend in the organization's revenue?
Revenue has fluctuated, with a high of $82,197 in 2021 and a recent low of $49,311 in 2024, but the overall trend shows consistent fundraising activity.
Does the Korean Library Foundation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all periods, suggesting a volunteer-led or very lean administrative structure.
What is the organization's asset growth over time?
The organization has shown significant asset growth, more than doubling from $164,649 in 2011 to $382,889 in 2024, indicating effective financial stewardship.
Filing History
IRS 990 filing history for Korean Library Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2024), Korean Library Foundation's revenue has grown by 47.2%, moving from $33K to $49K. Total assets increased by 132.5% over the same period, from $165K to $383K. Total functional expenses rose by 111%, from $29K to $60K. In its most recent filing year (2024), Korean Library Foundation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $383K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $383K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $49K | $60K | $383K | $1 | — | — |
| 2023 | $64K | $47K | $394K | $1 | — | View 990 |
| 2022 | $68K | $37K | $377K | $1 | — | View 990 |
| 2021 | $82K | $56K | $346K | $1 | — | — |
| 2020 | $67K | $49K | $319K | $1 | — | View 990 |
| 2011 | $33K | $29K | $165K | $0 | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $49K, expenses of $60K, and assets of $383K (revenue -23.0% year-over-year).
- 2023: Revenue of $64K, expenses of $47K, and assets of $394K (revenue -5.5% year-over-year).
- 2022: Revenue of $68K, expenses of $37K, and assets of $377K (revenue -17.6% year-over-year).
- 2021: Revenue of $82K, expenses of $56K, and assets of $346K (revenue +23.0% year-over-year).
- 2020: Revenue of $67K, expenses of $49K, and assets of $319K (revenue +99.5% year-over-year).
- 2011: Revenue of $33K, expenses of $29K, and assets of $165K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Korean Library Foundation:
Data Sources and Methodology
This transparency report for Korean Library Foundation 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.