Walker Street Chung Pak Local Development
Walker Street Chung Pak Local Development maintains stable finances with consistent revenue and zero reported officer compensation.
EIN: 133275044 · New York, NY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.7M |
| Program Spending | 75% |
| Net Assets | $5.7M |
| Transparency Score | 85/100 |
Is Walker Street Chung Pak Local Development Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Walker Street Chung Pak Local Development directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Walker Street Chung Pak Local Development
Walker Street Chung Pak Local Development (EIN: 133275044) is a nonprofit organization based in New York, NY, classified under NTEE code L20. The organization reported total revenue of $2.0M and total assets of $12.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walker Street Chung Pak Local Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walker Street Chung Pak Local Development is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-33,820 |
| Total Assets | $10.4M |
| Total Liabilities | $4.8M |
| Net Assets | $5.7M |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 45.6% |
| Months of Reserves | 75.7 months |
Financial Health Grade: B
In 2023, Walker Street Chung Pak Local Development reported a deficit of $34K with expenses exceeding revenue, holds 75.7 months of operating reserves (strong position), has a debt-to-asset ratio of 45.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Walker Street Chung Pak Local Development's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.7% | -7.1% | -1.3% |
| 2022 | -14.7% | +16.5% | -0.1% |
| 2021 | -6.7% | -40.6% | +5.1% |
| 2020 | +63.2% | +49.9% | -0.1% |
| 2019 | -41.5% | -33.1% | -11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Walker Street Chung Pak Local Development with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Walker Street Chung Pak Local Development allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer categories, which is a strong positive for donor confidence.
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.
Strengths
The following positive indicators were identified for Walker Street Chung Pak Local Development:
- Consistent financial stability with revenues generally exceeding expenses.
- Healthy and growing asset base, reaching $12,255,893 in the latest period.
- Zero reported officer compensation across all filings, indicating strong financial stewardship.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
- Strong asset-to-liability ratio, indicating good financial health.
Frequently Asked Questions about Walker Street Chung Pak Local Development
Is Walker Street Chung Pak Local Development a legitimate charity?
Walker Street Chung Pak Local Development (EIN: 133275044) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Walker Street Chung Pak Local Development spend its money?
Walker Street Chung Pak Local Development directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Walker Street Chung Pak Local Development tax-deductible?
Walker Street Chung Pak Local Development is registered as a tax-exempt nonprofit (EIN: 133275044). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Walker Street Chung Pak Local Development's spending goes to programs?
Walker Street Chung Pak Local Development directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Walker Street Chung Pak Local Development compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Walker Street Chung Pak Local Development is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Walker Street Chung Pak Local Development located?
Walker Street Chung Pak Local Development is headquartered in New York, New York and files with the IRS under EIN 133275044. It is classified under NTEE code L20.
How many years of IRS 990 filings does Walker Street Chung Pak Local Development have?
Walker Street Chung Pak Local Development 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 $2.0M in total revenue.
Is Walker Street Chung Pak Local Development a good charity?
Based on available financial data, the organization demonstrates financial stability with consistent revenue exceeding expenses in most years and a healthy asset base. The reported 0% officer compensation is a significant positive indicator of responsible financial management. However, a detailed breakdown of program vs. administrative spending would provide a more complete picture of efficiency.
How has the organization's revenue trended over the past few years?
Revenue has fluctuated but generally remained strong, ranging from $1,622,617 in 202304 to a high of $2,836,214 in 201804. The latest reported revenue is $2,021,618, indicating a stable, albeit variable, funding stream.
What is the organization's asset-to-liability ratio?
In the latest period (202304), assets were $10,446,190 and liabilities were $4,760,853, resulting in an asset-to-liability ratio of approximately 2.2:1. This indicates a healthy financial position where assets significantly cover liabilities.
Filing History
IRS 990 filing history for Walker Street Chung Pak Local Development showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Walker Street Chung Pak Local Development's revenue has declined by 34.5%, moving from $2.5M to $1.6M. Total assets decreased by 9.2% over the same period, from $11.5M to $10.4M. Total functional expenses fell by 13.5%, from $1.9M to $1.7M. In its most recent filing year (2023), Walker Street Chung Pak Local Development reported a deficit of $34K, with expenses exceeding revenue. The organization holds $4.8M in liabilities against $10.4M in assets (debt-to-asset ratio: 45.6%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.7M | $10.4M | $4.8M | — | View 990 |
| 2022 | $2.2M | $1.8M | $10.6M | $4.9M | — | View 990 |
| 2021 | $2.5M | $1.5M | $10.6M | $5.2M | — | View 990 |
| 2020 | $2.7M | $2.6M | $10.1M | $5.7M | — | View 990 |
| 2019 | $1.7M | $1.7M | $10.1M | $5.8M | — | View 990 |
| 2018 | $2.8M | $2.6M | $11.3M | $7.0M | — | View 990 |
| 2017 | $2.7M | $2.5M | $10.9M | $7.0M | — | View 990 |
| 2016 | $2.4M | $2.0M | $10.9M | $7.1M | — | View 990 |
| 2015 | $2.2M | $2.0M | $11.1M | $7.7M | — | View 990 |
| 2014 | $2.0M | $1.8M | $11.4M | $8.2M | — | View 990 |
| 2013 | $2.4M | $1.9M | $11.7M | $8.7M | — | View 990 |
| 2012 | $2.4M | $2.0M | $11.8M | $9.1M | — | View 990 |
| 2011 | $2.5M | $1.9M | $11.5M | $9.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.7M, and assets of $10.4M (revenue -24.7% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.8M, and assets of $10.6M (revenue -14.7% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.5M, and assets of $10.6M (revenue -6.7% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.6M, and assets of $10.1M (revenue +63.2% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $10.1M (revenue -41.5% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.6M, and assets of $11.3M (revenue +5.5% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.5M, and assets of $10.9M (revenue +12.5% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.0M, and assets of $10.9M (revenue +10.0% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.0M, and assets of $11.1M (revenue +6.9% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.8M, and assets of $11.4M (revenue -14.7% year-over-year).
- 2013: Revenue of $2.4M, expenses of $1.9M, and assets of $11.7M (revenue -1.0% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.0M, and assets of $11.8M (revenue -2.9% year-over-year).
- 2011: Revenue of $2.5M, expenses of $1.9M, and assets of $11.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walker Street Chung Pak Local Development:
Data Sources and Methodology
This transparency report for Walker Street Chung Pak Local Development 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.