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
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.6M |
| Program Spending | 85% |
| Net Assets | $3.0M |
| Transparency Score | 88/100 |
Search Intent Cockpit
Minkwon Center For Community Action Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Minkwon Center For Community Action Inc 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 Minkwon Center For Community Action Inc in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $2.8M and expenses of $2.6M.
Revenue and Expenses
Minkwon Center For Community Action Inc reported $2.8M in revenue and $2.6M in expenses, a surplus of $148K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
88/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Minkwon Center For Community Action Inc 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 | $2.2M (85%) |
Across stored filings, Minkwon Center For Community Action Inc 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 | 85% to programs | Excellent |
| Financial durability | Grade A | 12 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Human Services context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Follow the Money
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Keep the Investigation Moving
Minkwon Center For Community Action Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Minkwon Center For Community Action Inc is a mid-size nonprofit that has been operating for 38 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$148K |
| Total Assets | $4.3M |
| Total Liabilities | $1.3M |
| Net Assets | $3.0M |
| Operating Margin | 5.3% |
| Debt-to-Asset Ratio | 30.9% |
| Months of Reserves | 19.6 months |
Financial Health Grade: A
In 2023, Minkwon Center For Community Action Inc reported a surplus of $148K with revenue exceeding expenses, holds 19.6 months of operating reserves (strong position), has a debt-to-asset ratio of 30.9% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Minkwon Center For Community Action Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.1% | +5.8% | +7.0% |
| 2022 | +8.8% | +8.7% | +21.8% |
| 2021 | +92.1% | +80.6% | +78.3% |
| 2019 | +55.8% | -4.8% | +15.7% |
| 2018 | -51.2% | +4.9% | -17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $148K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.9%.
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 legitimate charity?
Minkwon Center For Community Action Inc (EIN: 112710506) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.9M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Minkwon Center For Community Action Inc spend its money?
Minkwon Center For Community Action Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Minkwon Center For Community Action Inc tax-deductible?
Minkwon Center For Community Action Inc is registered as a tax-exempt nonprofit (EIN: 112710506). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Minkwon Center For Community Action Inc's spending goes to programs?
Minkwon Center For Community Action Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Minkwon Center For Community Action Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Minkwon Center For Community Action Inc is above average for NTEE category P84Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Minkwon Center For Community Action Inc located?
Minkwon Center For Community Action Inc is headquartered in Flushing, New York and files with the IRS under EIN 112710506. It is classified under NTEE code P84Z.
How many years of IRS 990 filings does Minkwon Center For Community Action Inc have?
Minkwon Center For Community Action Inc has 12 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 $2.9M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minkwon Center For Community Action Inc:
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.