Goahead Mission Inc

Nonprofit profile at a glance

EIN
412048952
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Palisades Park, NJ, USA
Phone
2018523600
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Residential Care & Adult Day Programs
Affiliation
Christianity

Official website

Reported finances

Revenue
$32,596
Expenses
$37,737
Assets
$867
Liabilities
$52,488

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • SANG CHO REY (PRESIDENT)

People named in this filing

  • SANG CHO REY (PRESIDENT)
  • DA-HYUN HONG (SECRETARY)
  • DANIEL KIM (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

- searching and finding orphans in s. Korea and the USA to offer them additional financial and educational assistance under the name of jesus. - to perform various programs to help the orphans, one of which is to invite orphans from s. Korea to the us in order to provide them with opportunities . To visit us top colleges . To participate in leadership training . To attend the local churches & etc.

What it reported doing in 2024

To help orphans in s. Korea and the USA by financial and educational assistance under the name of jesus christ.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 82
  • Sustainability: 15
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.2%; rating input score 90
  • Program expense ratio: 77.9%; rating input score 78

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -15.8%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 60.54; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 15.9%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: -9.3% per year; rating input score 0; 28th percentile among comparable filings
  • Revenue growth: -10.9% per year; rating input score 0; 23rd percentile among comparable filings
  • Asset growth: -6.9% per year; rating input score 0; 21st percentile among comparable filings

Details

  • Where the money goes: 90.2% of revenue deployed · 77.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $29K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 26/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.