Minkwon Center For Community Action Inc

Minkwon Center shows strong revenue growth and asset accumulation with zero reported officer compensation.

EIN: 112710506 · Flushing, NY · NTEE: P84Z · Updated: 2026-03-28

$2.9MRevenue

$4.0MAssets

88/100Mission Score (Excellent)

P84Z

About Minkwon Center For Community Action Inc

Minkwon Center For Community Action Inc (EIN: 112710506) is a nonprofit organization based in Flushing, NY, classified under NTEE code P84Z. The organization reported total revenue of $2.9M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minkwon Center For Community Action Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Minkwon Center For Community Action Inc demonstrates a generally healthy financial position with consistent revenue growth over the past several years, particularly noting a significant increase from $965,193 in 2018 to $2,762,598 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $2,762,598 exceeded expenses of $2,614,945, indicating sound financial management. Their asset base has also grown substantially, from $1,589,664 in 2018 to $4,275,288 in 2023, suggesting good stewardship of resources and capacity building.

The organization's spending efficiency appears strong, with a clear focus on program delivery. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent surpluses and growth in assets suggest that a significant portion of their budget is directed towards their mission. The reported 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards organizational activities rather than executive salaries, which is a positive sign for donors.

However, the increasing liabilities, from $41,942 in 2018 to $1,322,627 in 2023, warrant closer examination. While not necessarily a red flag on its own, especially with growing assets, understanding the nature of these liabilities (e.g., program-related debt, capital expenditures) would provide a more complete picture of their financial strategy. Overall, Minkwon Center appears to be a financially stable and growing organization with a strong commitment to its mission, as evidenced by its financial trends and compensation practices.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Minkwon Center For Community Action Inc with a Mission Score of 88 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: 85%
fundraising: 5%

According to IRS 990 filings, Minkwon Center For Community Action Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries were paid to officers, which is a strong positive for transparency and resource allocation to programs.

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 Minkwon Center For Community Action Inc's IRS 990 filings:

Significant increase in liabilities from $41,942 in 2018 to $1,322,627 in 2023, which needs further context.

Strengths

The following positive indicators were identified for Minkwon Center For Community Action Inc:

Consistent revenue growth, from $965,193 in 2018 to $2,762,598 in 2023.
Healthy operating surpluses, such as $147,653 in 2023 ($2,762,598 revenue - $2,614,945 expenses).
Substantial asset growth, from $1,589,664 in 2018 to $4,275,288 in 2023.
0% reported officer compensation across all available filings, indicating strong financial transparency and dedication to mission.
Strong financial health with increasing net assets (Assets minus Liabilities).

Frequently Asked Questions about Minkwon Center For Community Action Inc

Is Minkwon Center For Community Action Inc a good charity?

Based on the provided data, Minkwon Center appears to be a good charity. It demonstrates strong financial health with consistent revenue growth (from $965,193 in 2018 to $2,762,598 in 2023), consistent surpluses, and significant asset growth ($1,589,664 in 2018 to $4,275,288 in 2023). The reported 0% officer compensation is a strong indicator of financial efficiency and dedication to its mission.

How has the organization's revenue changed over time?

Minkwon Center has experienced substantial revenue growth, increasing from $965,193 in 2018 to $2,762,598 in 2023, with a peak of $3,142,356 in 2022. This indicates a strong and growing donor base or funding streams.

What is the trend in the organization's assets and liabilities?

The organization's assets have shown consistent growth, from $1,589,664 in 2018 to $4,275,288 in 2023. Liabilities have also increased significantly, from $41,942 in 2018 to $1,322,627 in 2023. While asset growth is positive, the rise in liabilities warrants further investigation into their nature.

Does the organization spend efficiently?

Yes, the organization appears to spend efficiently. It consistently operates with a surplus (e.g., $2,762,598 revenue vs. $2,614,945 expenses in 2023) and reports 0% officer compensation, suggesting a high proportion of funds are directed towards its programs and mission.

Filing History

IRS 990 filing history for Minkwon Center For Community Action Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), Minkwon Center For Community Action Inc's revenue has grown by 192.3%, moving from $945K to $2.8M. Total assets increased by 2546% over the same period, from $162K to $4.3M. Total functional expenses rose by 194.5%, from $888K to $2.6M. In its most recent filing year (2023), Minkwon Center For Community Action Inc reported a surplus of $148K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $4.3M in assets (debt-to-asset ratio: 30.9%), resulting in net assets of $3.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.8M	$2.6M	$4.3M	$1.3M	—	—
2022	$3.1M	$2.5M	$4.0M	$1.2M	—	View 990
2021	$2.9M	$2.3M	$3.3M	$1.1M	—	View 990
2019	$1.5M	$1.3M	$1.8M	$48K	—	View 990
2018	$965K	$1.3M	$1.6M	$42K	—	View 990
2017	$2.0M	$1.3M	$1.9M	$23K	—	—
2016	$1.0M	$1.4M	$1.2M	$43K	—	View 990
2015	$1.9M	$1.4M	$1.7M	$76K	—	View 990
2014	$1.8M	$1.2M	$1.1M	$42K	—	View 990
2013	$1.4M	$1.3M	$547K	$12K	—	View 990
2012	$1.5M	$1.3M	$450K	$6K	—	View 990
2011	$945K	$888K	$162K	$414	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.8M, expenses of $2.6M, and assets of $4.3M (revenue -12.1% year-over-year).
2022: Revenue of $3.1M, expenses of $2.5M, and assets of $4.0M (revenue +8.8% year-over-year).
2021: Revenue of $2.9M, expenses of $2.3M, and assets of $3.3M (revenue +92.1% year-over-year).
2019: Revenue of $1.5M, expenses of $1.3M, and assets of $1.8M (revenue +55.8% year-over-year).
2018: Revenue of $965K, expenses of $1.3M, and assets of $1.6M (revenue -51.2% year-over-year).
2017: Revenue of $2.0M, expenses of $1.3M, and assets of $1.9M (revenue +94.8% year-over-year).
2016: Revenue of $1.0M, expenses of $1.4M, and assets of $1.2M (revenue -46.7% year-over-year).
2015: Revenue of $1.9M, expenses of $1.4M, and assets of $1.7M (revenue +8.8% year-over-year).
2014: Revenue of $1.8M, expenses of $1.2M, and assets of $1.1M (revenue +25.0% year-over-year).
2013: Revenue of $1.4M, expenses of $1.3M, and assets of $547K (revenue -9.3% year-over-year).
2012: Revenue of $1.5M, expenses of $1.3M, and assets of $450K (revenue +63.5% year-over-year).
2011: Revenue of $945K, expenses of $888K, and assets of $162K.

Data Sources and Methodology

This transparency report for Minkwon Center For Community Action 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.