World Culture Open Inc

Nonprofit profile at a glance

EIN
770620589
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
New York, NY, USA
Rating confidence
Limited
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$4,733
Expenses
$6,457
Assets
$24,887

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

Leadership & pay

3 people listed

Executive titles in this filing

  • BYUNG J YU (PRESIDENT)

People named in this filing

  • BYUNG J YU (PRESIDENT)
  • JAIMIE MOON (EXECUTIVE DI)
  • KSENIYA TSOY (COMMUNITY DE)

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

Organization's mission world culture open is a non-profit organization committed to the cultivation of harmonious global culture and the promotion of cross- cultural cooperation by creating an innovative cultural platform for people share, respect, enjoy and value cultural diversity and to mutually develop lifelong respect for different cultures. Objectives and ongoing activities : forstering sustainable networks or committed artists, cultural practitioners, volunteers and donors to promote collaborative cultural development. : creating free cultural spaces for local artists and communities for cultural gath erings and activities : developing programs for cultural dialogue, exchanges and learning. Special focus of the 2017 activities : develope international partnership for the 'finding culture designers' campaign, which aims to promote the greater good for society and the world. (culture designers are everyday heroes, change makers and innovative people who are harnessing their talent

What it reported doing in 2024

"no activity"

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 37
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

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

Sustainability

  • Operating margin: -36.4%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 3.85; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 6.6% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 0.6% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 16/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.