The Federation Of Korean Associations Usa
EIN: 562264965 · Alexandria, VA · NTEE: A23
Is The Federation Of Korean Associations Usa Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Federation Of Korean Associations Usa
The Federation Of Korean Associations Usa (EIN: 562264965) is a nonprofit organization based in Alexandria, VA, classified under NTEE code A23. The organization reported total revenue of $278K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Federation Of Korean Associations Usa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Federation Of Korean Associations Usa is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -8.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $146K |
| Total Expenses | $181K |
| Surplus / Deficit | $-34,533 |
| Total Assets | $9K |
| Total Liabilities | $12K |
| Net Assets | $-2,028 |
| Operating Margin | -23.6% |
| Debt-to-Asset Ratio | 121.4% |
| Months of Reserves | 0.6 months |
Financial Health Grade: D
In 2024, The Federation Of Korean Associations Usa reported a deficit of $35K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 121.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2024), The Federation Of Korean Associations Usa's revenue has declined at a compound annual growth rate (CAGR) of -8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -45.4% | -23.7% | -75.2% |
| 2023 | +1349.0% | +1060.7% | +323.4% |
| 2021 | -84.4% | -84.8% | -17.6% |
| 2020 | -35.3% | -57.2% | -59.8% |
| 2019 | -22.7% | +33.2% | +209.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Federation Of Korean Associations Usa has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Federation Of Korean Associations Usa with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 121.4%.
Frequently Asked Questions about The Federation Of Korean Associations Usa
Is The Federation Of Korean Associations Usa a legitimate charity?
Based on AI analysis of IRS 990 filings, The Federation Of Korean Associations Usa (EIN: 562264965) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Federation Of Korean Associations Usa spend its money?
Detailed spending breakdown data is not yet available for The Federation Of Korean Associations Usa. Check back for updated IRS 990 analysis.
Are donations to The Federation Of Korean Associations Usa tax-deductible?
The Federation Of Korean Associations Usa is registered as a tax-exempt nonprofit (EIN: 562264965). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for The Federation Of Korean Associations Usa showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), The Federation Of Korean Associations Usa's revenue has declined by 70%, moving from $487K to $146K. Total functional expenses fell by 63%, from $488K to $181K. In its most recent filing year (2024), The Federation Of Korean Associations Usa reported a deficit of $35K, with expenses exceeding revenue. The organization holds $12K in liabilities against $9K in assets (debt-to-asset ratio: 121.4%), resulting in net assets of $-2,028.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $146K | $181K | $9K | $12K | — | — |
| 2023 | $267K | $237K | $38K | $660 | — | — |
| 2021 | $18K | $20K | $9K | $0 | — | View 990 |
| 2020 | $118K | $134K | $11K | $0 | — | View 990 |
| 2019 | $183K | $314K | $27K | $0 | — | View 990 |
| 2018 | $236K | $236K | $9K | $0 | — | View 990 |
| 2017 | $70K | $95K | $8K | $0 | — | View 990 |
| 2016 | $198K | $162K | $34K | $0 | — | View 990 |
| 2015 | $128K | $287K | $8K | $10K | — | — |
| 2014 | $394K | $262K | $158K | $2K | — | View 990 |
| 2013 | $174K | $174K | $458 | $0 | — | View 990 |
| 2012 | $121K | $119K | $58 | $0 | — | View 990 |
| 2011 | $487K | $488K | $-1,293 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $146K, expenses of $181K, and assets of $9K (revenue -45.4% year-over-year).
- 2023: Revenue of $267K, expenses of $237K, and assets of $38K (revenue +1349.0% year-over-year).
- 2021: Revenue of $18K, expenses of $20K, and assets of $9K (revenue -84.4% year-over-year).
- 2020: Revenue of $118K, expenses of $134K, and assets of $11K (revenue -35.3% year-over-year).
- 2019: Revenue of $183K, expenses of $314K, and assets of $27K (revenue -22.7% year-over-year).
- 2018: Revenue of $236K, expenses of $236K, and assets of $9K (revenue +238.0% year-over-year).
- 2017: Revenue of $70K, expenses of $95K, and assets of $8K (revenue -64.7% year-over-year).
- 2016: Revenue of $198K, expenses of $162K, and assets of $34K (revenue +54.0% year-over-year).
- 2015: Revenue of $128K, expenses of $287K, and assets of $8K (revenue -67.4% year-over-year).
- 2014: Revenue of $394K, expenses of $262K, and assets of $158K (revenue +126.4% year-over-year).
- 2013: Revenue of $174K, expenses of $174K, and assets of $458 (revenue +44.2% year-over-year).
- 2012: Revenue of $121K, expenses of $119K, and assets of $58 (revenue -75.2% year-over-year).
- 2011: Revenue of $487K, expenses of $488K, and assets of $-1,293.
Data Sources and Methodology
This transparency report for The Federation Of Korean Associations Usa 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.