Korean Presbyterian Church Of Miami Inc
EIN: 591697915 · Cooper City, FL
| Metric | Value |
|---|---|
| Total Expenses | $652K |
| Net Assets | $3.4M |
Is Korean Presbyterian Church Of Miami Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Korean Presbyterian Church Of Miami Inc
Korean Presbyterian Church Of Miami Inc (EIN: 591697915) is a nonprofit organization based in Cooper City, FL. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korean Presbyterian Church Of Miami Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Korean Presbyterian Church Of Miami Inc is a mid-size nonprofit that has been operating for 62 years, with 4 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of 59.0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $652K |
| Surplus / Deficit | +$2.6M |
| Total Assets | $3.6M |
| Total Liabilities | $254K |
| Net Assets | $3.4M |
| Operating Margin | 80.2% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 67.0 months |
Financial Health Grade: A
In 2015, Korean Presbyterian Church Of Miami Inc reported a surplus of $2.6M with revenue exceeding expenses, holds 67.0 months of operating reserves (strong position), has a debt-to-asset ratio of 7.0% (very low leverage).
Financial Trends
Over 4 years of filings (2012–2015), Korean Presbyterian Church Of Miami Inc's revenue has grown at a compound annual growth rate (CAGR) of 59.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +150.6% | -26.2% | +639.5% |
| 2014 | +60.4% | +7.5% | +49205500.0% |
| 2013 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Korean Presbyterian Church Of Miami Inc 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 Presbyterian Church Of Miami Inc 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.0%.
Frequently Asked Questions about Korean Presbyterian Church Of Miami Inc
Is Korean Presbyterian Church Of Miami Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Korean Presbyterian Church Of Miami Inc (EIN: 591697915) insufficient data. 0 red flags identified, 0 strengths noted.
How does Korean Presbyterian Church Of Miami Inc spend its money?
Detailed spending breakdown data is not yet available for Korean Presbyterian Church Of Miami Inc. Check back for updated IRS 990 analysis.
Are donations to Korean Presbyterian Church Of Miami Inc tax-deductible?
Korean Presbyterian Church Of Miami Inc is registered as a tax-exempt nonprofit (EIN: 591697915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Korean Presbyterian Church Of Miami Inc located?
Korean Presbyterian Church Of Miami Inc is headquartered in Cooper City, Florida and files with the IRS under EIN 591697915.
How many years of IRS 990 filings does Korean Presbyterian Church Of Miami Inc have?
Korean Presbyterian Church Of Miami Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Korean Presbyterian Church Of Miami Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), Korean Presbyterian Church Of Miami Inc's revenue has grown by 302.1%, moving from $817K to $3.3M. Total assets increased by 363857100% over the same period, from $1 to $3.6M. Total functional expenses fell by 20.6%, from $821K to $652K. In its most recent filing year (2015), Korean Presbyterian Church Of Miami Inc reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $254K in liabilities against $3.6M in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $3.3M | $652K | $3.6M | $254K | — | View 990 |
| 2014 | $1.3M | $883K | $492K | $0 | — | View 990 |
| 2013 | $817K | $821K | $1 | $0 | — | View 990 |
| 2012 | $817K | $821K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $3.3M, expenses of $652K, and assets of $3.6M (revenue +150.6% year-over-year).
- 2014: Revenue of $1.3M, expenses of $883K, and assets of $492K (revenue +60.4% year-over-year).
- 2013: Revenue of $817K, expenses of $821K, and assets of $1 (revenue +0.0% year-over-year).
- 2012: Revenue of $817K, expenses of $821K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Korean Presbyterian Church Of Miami Inc:
Data Sources and Methodology
This transparency report for Korean Presbyterian Church Of Miami Inc 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.