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Koreatown Oakland

EIN 41-2260418 · Oakland, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair69 out of 100GovernanceFair54 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Provide maintenance, security and physical improvement to the business district. Provide marketing services and materials to promote Korea Town Oakland community through special events

Income
$906,963
Spending
$1.0 million
Spent on programs
86%
Reserves
4.3 months of spending
Largest source of income
fees for its services, 72%
Employees
9

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 69 out of 100. Higher than 41% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    20 of 35

    Spendable reserves would cover 4.3 months of spending.

  • Debt

    20 of 20

    It owes 3% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 12% of income.

  • Income trend

    10 of 15

    Income fell 9% on the year before.

  • Spending floor

    15 of 15

    86% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 54 out of 100. Higher than 18% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    5 of 25

    0 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $689,377 spent. PROWSO:PROWSO stands for public right of way and sidewalk operations. As part of the function of organization we are to assist the Municipal Corporation and Oakland to ease the burden and city services.We lessen the burden by providing sidewalk sweeping services, painting out graffiti, provide directions to visitors in the area, providing supplemental security services to assist the Oakland Police Department in maintaining area in the community.
  2. $170,280 spent. OAKLAND FIRST FRIDAY:Oakland First Fridays is an immersive art and community experience on the first Friday of each month on Telegraph Avenue from West Grand to 27th street. Every First Friday from 5-9:30pm, Oakland's KONO district springs to life with for this event, with galleries, artist celletives, street artists, local culinary artisans, performers, musicians, dancers, DJ's, and poets gathering for Oakland First Friday events.
  3. $16,526 spent. MARKETING/IDENTITIY ENHANCEMENT:Part of the function of our corporation is to build brand identity for the variety of businesses and residents of the area.The Koreatown Northgate district is a traditional mixed use neighborhood that combines residential, institutional plus a wide variety of ethnic retail land uses.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 2009.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.