United Korean Association Of Hawaii
United Korean Association Of Hawaii faces financial instability with recurring deficits and a recent disappearance of reported assets.
EIN: 200070639 · Honolulu, HI · NTEE: P84 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $333K |
| Total Expenses | $358K |
| Program Spending | 70% |
| Transparency Score | 45/100 |
Is United Korean Association Of Hawaii Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Korean Association Of Hawaii directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About United Korean Association Of Hawaii
United Korean Association Of Hawaii (EIN: 200070639) is a nonprofit organization based in Honolulu, HI, classified under NTEE code P84. The organization reported total revenue of $333K and total assets of $170K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Korean Association Of Hawaii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Korean Association Of Hawaii is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $254K |
| Total Expenses | $358K |
| Surplus / Deficit | $-104,116 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -41.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, United Korean Association Of Hawaii reported a deficit of $104K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2010–2023), United Korean Association Of Hawaii's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.0% | +26.1% | -100.0% |
| 2022 | -0.1% | +145.3% | -23.3% |
| 2021 | +1.2% | -34.0% | +21.5% |
| 2020 | +2.5% | +9.3% | +3.2% |
| 2019 | +33.1% | +17.9% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 United Korean Association Of Hawaii with a Mission Score of 45 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, United Korean Association Of Hawaii allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $104K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based, which can be a positive for minimizing overhead costs.
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 United Korean Association Of Hawaii's IRS 990 filings:
- Recurring operational deficits (e.g., $104,116 deficit in 2023, $95,847 deficit in 2022).
- Sudden and unexplained disappearance of reported assets and liabilities to $0 in the 2023 filing.
- Significant fluctuation in assets over recent years, from $410,698 in 2021 to $0 in 2023.
Strengths
The following positive indicators were identified for United Korean Association Of Hawaii:
- Consistent filing of IRS Form 990s, indicating a commitment to transparency.
- No reported officer compensation, suggesting a volunteer-driven leadership structure.
- Revenue has shown growth over time, from $122,320 in 2014 to $254,196 in 2023.
Frequently Asked Questions about United Korean Association Of Hawaii
Is United Korean Association Of Hawaii a legitimate charity?
United Korean Association Of Hawaii (EIN: 200070639) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $333K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does United Korean Association Of Hawaii spend its money?
United Korean Association Of Hawaii directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to United Korean Association Of Hawaii tax-deductible?
United Korean Association Of Hawaii is registered as a tax-exempt nonprofit (EIN: 200070639). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of United Korean Association Of Hawaii's spending goes to programs?
United Korean Association Of Hawaii directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does United Korean Association Of Hawaii compare to similar nonprofits?
With a transparency score of 45/100 (Fair), United Korean Association Of Hawaii is near average for NTEE category P84 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is United Korean Association Of Hawaii located?
United Korean Association Of Hawaii is headquartered in Honolulu, Hawaii and files with the IRS under EIN 200070639. It is classified under NTEE code P84.
How many years of IRS 990 filings does United Korean Association Of Hawaii have?
United Korean Association Of Hawaii has 13 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 $333K in total revenue.
Why did the organization report $0 in assets and liabilities in its 2023 filing?
The 2023 filing shows a drastic change from previous years, where assets were reported as $314,851 in 2022 and $410,698 in 2021. This sudden drop to zero requires clarification to understand the organization's current financial standing.
How does the organization plan to address its recurring operational deficits?
In 2023, expenses ($358,312) significantly exceeded revenue ($254,196), continuing a trend seen in 2022. A strategy for achieving financial sustainability is crucial.
What are the specific program activities and their associated costs?
Without a detailed breakdown of expenses, it's challenging to assess the proportion of spending dedicated directly to mission-related programs versus administrative or fundraising activities.
Filing History
IRS 990 filing history for United Korean Association Of Hawaii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), United Korean Association Of Hawaii's revenue has declined by 0.3%, moving from $255K to $254K. Total assets decreased by 100% over the same period, from $32K to $0. Total functional expenses rose by 30.8%, from $274K to $358K. In its most recent filing year (2023), United Korean Association Of Hawaii reported a deficit of $104K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $254K | $358K | $0 | $0 | — | — |
| 2022 | $188K | $284K | $315K | $0 | — | View 990 |
| 2021 | $188K | $116K | $411K | $0 | — | View 990 |
| 2020 | $186K | $176K | $338K | $0 | — | View 990 |
| 2019 | $182K | $161K | $328K | $0 | — | View 990 |
| 2018 | $137K | $136K | $307K | $0 | — | View 990 |
| 2017 | $190K | $131K | $308K | $1K | — | View 990 |
| 2016 | $158K | $143K | $248K | $594 | — | View 990 |
| 2014 | $122K | $100K | $193K | $1K | — | View 990 |
| 2013 | $180K | $195K | $171K | $1K | — | View 990 |
| 2012 | $269K | $133K | $225K | $41K | — | View 990 |
| 2011 | $131K | $112K | $108K | $60K | — | View 990 |
| 2010 | $255K | $274K | $32K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $254K, expenses of $358K, and assets of $0 (revenue +35.0% year-over-year).
- 2022: Revenue of $188K, expenses of $284K, and assets of $315K (revenue -0.1% year-over-year).
- 2021: Revenue of $188K, expenses of $116K, and assets of $411K (revenue +1.2% year-over-year).
- 2020: Revenue of $186K, expenses of $176K, and assets of $338K (revenue +2.5% year-over-year).
- 2019: Revenue of $182K, expenses of $161K, and assets of $328K (revenue +33.1% year-over-year).
- 2018: Revenue of $137K, expenses of $136K, and assets of $307K (revenue -28.1% year-over-year).
- 2017: Revenue of $190K, expenses of $131K, and assets of $308K (revenue +20.0% year-over-year).
- 2016: Revenue of $158K, expenses of $143K, and assets of $248K (revenue +29.5% year-over-year).
- 2014: Revenue of $122K, expenses of $100K, and assets of $193K (revenue -32.1% year-over-year).
- 2013: Revenue of $180K, expenses of $195K, and assets of $171K (revenue -33.0% year-over-year).
- 2012: Revenue of $269K, expenses of $133K, and assets of $225K (revenue +105.8% year-over-year).
- 2011: Revenue of $131K, expenses of $112K, and assets of $108K (revenue -48.8% year-over-year).
- 2010: Revenue of $255K, expenses of $274K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Korean Association Of Hawaii:
Data Sources and Methodology
This transparency report for United Korean Association Of 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.