One World Taekwondo Foundation Inc
One World Taekwondo Foundation faces declining revenue and substantial liabilities, raising sustainability concerns.
EIN: 204919571 · Magnolia, DE · NTEE: N40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $10K |
| Program Spending | 70% |
| Net Assets | $-220,521 |
| Transparency Score | 40/100 |
Search Intent Cockpit
One World Taekwondo Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
One World Taekwondo Foundation 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 One World Taekwondo Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $8K and expenses of $10K.
Revenue and Expenses
One World Taekwondo Foundation Inc reported $8K in revenue and $10K in expenses, a deficit of $2K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
40/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is One World Taekwondo Foundation Inc Legit?
Significant 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 | $7K (70%) |
Across stored filings, One World Taekwondo Foundation 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 | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade C | 10 stored filing years |
| Peer context | Compare with Kuehner Brothers Foundation Inc | Delaware and Category N 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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Magnolia, DE nonprofitsCategory N in Delaware
Human Services in Delaware
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
One World Taekwondo Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About One World Taekwondo Foundation Inc
One World Taekwondo Foundation Inc (EIN: 204919571) is a nonprofit organization based in Magnolia, DE, classified under NTEE code N40. The organization reported total revenue of $9K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of One World Taekwondo Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
One World Taekwondo Foundation Inc is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -23.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $10K |
| Surplus / Deficit | $-1,702 |
| Total Assets | $43K |
| Total Liabilities | $264K |
| Net Assets | $-220,521 |
| Operating Margin | -20.1% |
| Debt-to-Asset Ratio | 611.0% |
| Months of Reserves | 50.9 months |
Financial Health Grade: C
In 2020, One World Taekwondo Foundation Inc reported a deficit of $2K with expenses exceeding revenue, holds 50.9 months of operating reserves (strong position), has a debt-to-asset ratio of 611.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2020), One World Taekwondo Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -57.2% | -58.4% | -1.1% |
| 2019 | -82.6% | -80.7% | -12.3% |
| 2018 | -15.0% | -9.7% | +17.3% |
| 2017 | +31.6% | +58.5% | -13.9% |
| 2016 | +13.4% | -0.4% | +17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 One World Taekwondo Foundation Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, One World Taekwondo Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 611.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer leadership structure, which is commendable for a small organization with limited revenue.
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 One World Taekwondo Foundation Inc's IRS 990 filings:
- Significant and growing liabilities ($263,673 in 2020) far exceeding assets ($43,152).
- Drastic decline in revenue from $113,746 in 2018 to $8,469 in 2020.
- Consistent operating deficits in recent years (e.g., $1,702 in 2020, $4,674 in 2019).
- Lack of detailed expense breakdown to assess program efficiency.
Strengths
The following positive indicators were identified for One World Taekwondo Foundation Inc:
- No reported officer compensation, indicating volunteer leadership.
- Long filing history (10 filings) demonstrating consistent reporting.
Frequently Asked Questions about One World Taekwondo Foundation Inc
Is One World Taekwondo Foundation Inc a legitimate charity?
One World Taekwondo Foundation Inc (EIN: 204919571) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 40/100. It has 10 years of IRS 990 filings on record. Total revenue: $9K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does One World Taekwondo Foundation Inc spend its money?
One World Taekwondo Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to One World Taekwondo Foundation Inc tax-deductible?
One World Taekwondo Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204919571). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of One World Taekwondo Foundation Inc's spending goes to programs?
One World Taekwondo Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does One World Taekwondo Foundation Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), One World Taekwondo Foundation Inc is near average for NTEE category N40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is One World Taekwondo Foundation Inc located?
One World Taekwondo Foundation Inc is headquartered in Magnolia, Delaware and files with the IRS under EIN 204919571. It is classified under NTEE code N40.
How many years of IRS 990 filings does One World Taekwondo Foundation Inc have?
One World Taekwondo Foundation Inc has 10 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 $9K in total revenue.
How does One World Taekwondo Foundation Inc. plan to address its significant and growing liabilities, which reached $263,673 in 2020 against assets of $43,152?
The provided data does not detail the nature of these liabilities or the organization's strategy to manage them. This is a critical area for further inquiry.
What caused the drastic decline in revenue from $113,746 in 2018 to $8,469 in 2020?
The summary data does not provide reasons for this sharp decrease, which significantly impacts the organization's operational capacity.
Given the consistent operating deficits (e.g., $1,702 in 2020, $4,674 in 2019), how is the organization sustaining its operations?
The data suggests the organization is spending more than it earns, which is unsustainable without external support or drawing down reserves, neither of which is clearly evident from the provided figures.
Filing History
IRS 990 filing history for One World Taekwondo Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), One World Taekwondo Foundation Inc's revenue has declined by 91.1%, moving from $96K to $8K. Total assets decreased by 4.5% over the same period, from $45K to $43K. Total functional expenses fell by 92%, from $126K to $10K. In its most recent filing year (2020), One World Taekwondo Foundation Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $264K in liabilities against $43K in assets (debt-to-asset ratio: 611.0%), resulting in net assets of $-220,521.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $8K | $10K | $43K | $264K | — | — |
| 2019 | $20K | $24K | $44K | $262K | — | View 990 |
| 2018 | $114K | $126K | $50K | $264K | — | View 990 |
| 2017 | $134K | $140K | $42K | $244K | — | View 990 |
| 2016 | $102K | $88K | $49K | $245K | — | View 990 |
| 2015 | $90K | $89K | $42K | $251K | — | View 990 |
| 2014 | $0 | $0 | $0 | $0 | — | View 990 |
| 2013 | $79K | $130K | $36K | $238K | — | View 990 |
| 2012 | $81K | $124K | $37K | $191K | — | View 990 |
| 2011 | $96K | $126K | $45K | $156K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $8K, expenses of $10K, and assets of $43K (revenue -57.2% year-over-year).
- 2019: Revenue of $20K, expenses of $24K, and assets of $44K (revenue -82.6% year-over-year).
- 2018: Revenue of $114K, expenses of $126K, and assets of $50K (revenue -15.0% year-over-year).
- 2017: Revenue of $134K, expenses of $140K, and assets of $42K (revenue +31.6% year-over-year).
- 2016: Revenue of $102K, expenses of $88K, and assets of $49K (revenue +13.4% year-over-year).
- 2015: Revenue of $90K, expenses of $89K, and assets of $42K.
- 2014: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2013: Revenue of $79K, expenses of $130K, and assets of $36K (revenue -2.1% year-over-year).
- 2012: Revenue of $81K, expenses of $124K, and assets of $37K (revenue -15.1% year-over-year).
- 2011: Revenue of $96K, expenses of $126K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for One World Taekwondo Foundation Inc:
Data Sources and Methodology
This transparency report for One World Taekwondo Foundation 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.