The Korean American Foundation Hawaii
EIN: 990293085 · Honolulu, HI · NTEE: A230
| Metric | Value |
|---|---|
| Total Revenue | $236K |
| Total Expenses | $351K |
| Net Assets | $1.6M |
Is The Korean American Foundation Hawaii Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Korean American Foundation Hawaii
The Korean American Foundation Hawaii (EIN: 990293085) is a nonprofit organization based in Honolulu, HI, classified under NTEE code A230. The organization reported total revenue of $236K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Korean American Foundation Hawaii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Korean American Foundation Hawaii is a small nonprofit that has been operating for 33 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 30.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $222K |
| Total Expenses | $351K |
| Surplus / Deficit | $-129,142 |
| Total Assets | $1.6M |
| Net Assets | $1.6M |
| Operating Margin | -58.2% |
| Months of Reserves | 55.8 months |
Financial Health Grade: B
In 2023, The Korean American Foundation Hawaii reported a deficit of $129K with expenses exceeding revenue, holds 55.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), The Korean American Foundation Hawaii's revenue has grown at a compound annual growth rate (CAGR) of 30.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +228.1% | +206.4% | -7.3% |
| 2022 | -74.2% | +276.3% | -2.6% |
| 2021 | +93.3% | -32.8% | +14.7% |
| 2020 | +24.2% | -65.3% | +6.1% |
| 2019 | -62.4% | +87.0% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Korean American Foundation Hawaii 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 Korean American Foundation Hawaii 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $129K, with expenses exceeding revenue.
Frequently Asked Questions about The Korean American Foundation Hawaii
Is The Korean American Foundation Hawaii a legitimate charity?
Based on AI analysis of IRS 990 filings, The Korean American Foundation Hawaii (EIN: 990293085) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Korean American Foundation Hawaii spend its money?
Detailed spending breakdown data is not yet available for The Korean American Foundation Hawaii. Check back for updated IRS 990 analysis.
Are donations to The Korean American Foundation Hawaii tax-deductible?
The Korean American Foundation Hawaii is registered as a tax-exempt nonprofit (EIN: 990293085). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Korean American Foundation Hawaii located?
The Korean American Foundation Hawaii is headquartered in Honolulu, Hawaii and files with the IRS under EIN 990293085. It is classified under NTEE code A230.
How many years of IRS 990 filings does The Korean American Foundation Hawaii have?
The Korean American Foundation Hawaii has 14 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 $236K in total revenue.
Filing History
IRS 990 filing history for The Korean American Foundation Hawaii showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Korean American Foundation Hawaii's revenue has grown by 2916%, moving from $7K to $222K. Total assets increased by 37.3% over the same period, from $1.2M to $1.6M. Total functional expenses rose by 498.5%, from $59K to $351K. In its most recent filing year (2023), The Korean American Foundation Hawaii reported a deficit of $129K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $222K | $351K | $1.6M | $0 | — | — |
| 2022 | $68K | $115K | $1.8M | $0 | — | View 990 |
| 2021 | $262K | $30K | $1.8M | $0 | — | — |
| 2020 | $135K | $45K | $1.6M | $0 | — | View 990 |
| 2019 | $109K | $130K | $1.5M | $0 | — | View 990 |
| 2018 | $290K | $70K | $1.5M | $0 | — | View 990 |
| 2017 | $210K | $98K | $1.3M | $0 | — | View 990 |
| 2016 | $22K | $67K | $1.2M | $0 | — | View 990 |
| 2015 | $88K | $56K | $1.2M | $0 | — | View 990 |
| 2014 | $68K | $56K | $1.2M | $0 | — | View 990 |
| 2013 | $74K | $118K | $1.2M | $0 | — | View 990 |
| 2012 | $100K | $77K | $1.2M | $0 | — | View 990 |
| 2011 | $38K | $29K | $1.2M | $0 | — | View 990 |
| 2010 | $7K | $59K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $222K, expenses of $351K, and assets of $1.6M (revenue +228.1% year-over-year).
- 2022: Revenue of $68K, expenses of $115K, and assets of $1.8M (revenue -74.2% year-over-year).
- 2021: Revenue of $262K, expenses of $30K, and assets of $1.8M (revenue +93.3% year-over-year).
- 2020: Revenue of $135K, expenses of $45K, and assets of $1.6M (revenue +24.2% year-over-year).
- 2019: Revenue of $109K, expenses of $130K, and assets of $1.5M (revenue -62.4% year-over-year).
- 2018: Revenue of $290K, expenses of $70K, and assets of $1.5M (revenue +37.8% year-over-year).
- 2017: Revenue of $210K, expenses of $98K, and assets of $1.3M (revenue +857.3% year-over-year).
- 2016: Revenue of $22K, expenses of $67K, and assets of $1.2M (revenue -75.1% year-over-year).
- 2015: Revenue of $88K, expenses of $56K, and assets of $1.2M (revenue +30.5% year-over-year).
- 2014: Revenue of $68K, expenses of $56K, and assets of $1.2M (revenue -8.9% year-over-year).
- 2013: Revenue of $74K, expenses of $118K, and assets of $1.2M (revenue -25.4% year-over-year).
- 2012: Revenue of $100K, expenses of $77K, and assets of $1.2M (revenue +160.4% year-over-year).
- 2011: Revenue of $38K, expenses of $29K, and assets of $1.2M (revenue +420.5% year-over-year).
- 2010: Revenue of $7K, expenses of $59K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Korean American Foundation Hawaii:
Data Sources and Methodology
This transparency report for The Korean American Foundation Hawaii 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.