Korean School Of New Jersey

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Korean School Of New Jersey Form 990, Revenue, CEO Pay, and IRS Filing Signals

Korean School Of New Jersey 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 School Of New Jersey in one place.

Is Korean School Of New Jersey Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Korean School Of New Jersey shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Korean School Of New Jersey with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Korean School Of New Jersey directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Korean School Of New Jersey

Korean School Of New Jersey (EIN: 222472384) is a nonprofit organization based in Tenafly, NJ. The organization reported total revenue of $618K and total assets of $829K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korean School Of New Jersey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Korean School Of New Jersey is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Korean School Of New Jersey reported a surplus of $95K with revenue exceeding expenses, holds 21.0 months of operating reserves (strong position).

Financial Trends

Over 13 years of filings (2011–2023), Korean School Of New Jersey's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.

IRS Tax-Exempt Classification

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 School Of New Jersey with a Mission Score of 85 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: 80%
• fundraising: 10%

According to IRS 990 filings, Korean School Of New Jersey allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $95K, with revenue exceeding expenses.

Executive Compensation Analysis

Executive compensation information is not explicitly detailed in the provided data, suggesting it is either minimal or not separately reported in the summary figures.

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 School Of New Jersey's IRS 990 filings:

• Lack of a public website or detailed program descriptions makes it difficult to assess specific impact.
• Limited information on executive compensation beyond general expenses.

Strengths

The following positive indicators were identified for Korean School Of New Jersey:

• Consistent growth in revenue and assets over the past several years.
• Strong allocation of expenses towards programs, indicating a focus on mission delivery.
• Healthy asset base of $829,000 as of the latest filing.

Frequently Asked Questions about Korean School Of New Jersey

Filing History

IRS 990 filing history for Korean School Of New Jersey showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Korean School Of New Jersey's revenue has grown by 135.6%, moving from $219K to $517K. Total assets increased by 125.6% over the same period, from $327K to $737K. Total functional expenses rose by 62.8%, from $259K to $422K. In its most recent filing year (2023), Korean School Of New Jersey reported a surplus of $95K, with revenue exceeding expenses.

Year-by-Year Financial Summary

• 2023: Revenue of $517K, expenses of $422K, and assets of $737K (revenue +8.4% year-over-year).
• 2022: Revenue of $477K, expenses of $357K, and assets of $642K (revenue +66.1% year-over-year).
• 2021: Revenue of $287K, expenses of $265K, and assets of $523K (revenue -10.1% year-over-year).
• 2020: Revenue of $319K, expenses of $245K, and assets of $501K (revenue -18.7% year-over-year).
• 2019: Revenue of $392K, expenses of $393K, and assets of $427K (revenue -2.3% year-over-year).
• 2018: Revenue of $402K, expenses of $358K, and assets of $428K (revenue +2.0% year-over-year).
• 2017: Revenue of $394K, expenses of $349K, and assets of $384K (revenue +43.5% year-over-year).
• 2016: Revenue of $274K, expenses of $303K, and assets of $340K (revenue -12.6% year-over-year).
• 2015: Revenue of $314K, expenses of $267K, and assets of $368K (revenue +9.3% year-over-year).
• 2014: Revenue of $287K, expenses of $274K, and assets of $316K (revenue +0.7% year-over-year).
• 2013: Revenue of $285K, expenses of $280K, and assets of $291K (revenue +13.8% year-over-year).
• 2012: Revenue of $250K, expenses of $252K, and assets of $325K (revenue +14.2% year-over-year).
• 2011: Revenue of $219K, expenses of $259K, and assets of $327K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Korean School Of New Jersey:

Data Sources and Methodology

This transparency report for Korean School Of New Jersey 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.