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

$9KRevenue

$43KAssets

40/100Mission Score (Fair)

N40

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.

AI Transparency Report

One World Taekwondo Foundation Inc. exhibits a concerning financial trend with declining revenue and persistent operating deficits in recent years. For instance, in 2020, revenue was $8,469 while expenses were $10,171, continuing a pattern seen in 2019 ($19,793 revenue vs. $24,467 expenses) and 2018 ($113,746 revenue vs. $126,451 expenses). This consistent spending beyond income raises questions about long-term sustainability, especially given the significant liabilities. The organization's assets have remained relatively stable, around $40,000-$50,000, but these are dwarfed by liabilities that have consistently exceeded $150,000 and reached over $260,000 in recent periods. The lack of officer compensation reported across all filings suggests a volunteer-driven leadership, which can be a positive for efficiency, but the overall financial picture indicates significant challenges.

The organization's financial health appears precarious due to the substantial and growing liabilities relative to its assets and declining revenue. While specific spending efficiency ratios for programs, administration, and fundraising are not directly calculable from the provided summary data, the consistent operating losses suggest that the organization is not effectively managing its expenses within its income. The transparency of reporting officer compensation as 0% is good, but the overall financial trajectory warrants closer scrutiny regarding how these deficits are being covered and the plan for addressing the large debt burden. The sharp drop in revenue from over $100,000 in 2016-2018 to under $20,000 in 2019-2020 is a significant concern.

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.

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

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.	PDF
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.

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.