Barre Center For Buddhist Studies Inc
Barre Center For Buddhist Studies: Strong Financials, High Program Spending
EIN: 223058493 · Barre, MA · NTEE: X50 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $6.7M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| Net Assets | $7.0M |
| Transparency Score | 85/100 |
Is Barre Center For Buddhist Studies Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Barre Center For Buddhist Studies Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Barre Center For Buddhist Studies Inc
Barre Center For Buddhist Studies Inc (EIN: 223058493) is a nonprofit organization based in Barre, MA, classified under NTEE code X50. The organization reported total revenue of $6.7M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barre Center For Buddhist Studies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Barre Center For Buddhist Studies Inc is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$369K |
| Total Assets | $7.1M |
| Total Liabilities | $145K |
| Net Assets | $7.0M |
| Operating Margin | 15.3% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 41.7 months |
Financial Health Grade: A
In 2023, Barre Center For Buddhist Studies Inc reported a surplus of $369K with revenue exceeding expenses, holds 41.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Barre Center For Buddhist Studies Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.3% | +11.7% | +7.6% |
| 2022 | +82.4% | +38.5% | +15.2% |
| 2021 | +28.6% | +25.4% | +11.1% |
| 2020 | -7.5% | +5.5% | +13.0% |
| 2019 | +48.8% | +5.6% | +20.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1990 |
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 Barre Center For Buddhist Studies Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Barre Center For Buddhist Studies Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $369K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation figures for officers, directors, trustees, or key employees were provided in the available data.
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 Barre Center For Buddhist Studies Inc's IRS 990 filings:
- Lack of specific executive compensation data makes it impossible to evaluate fairness or appropriateness.
Strengths
The following positive indicators were identified for Barre Center For Buddhist Studies Inc:
- Consistent growth in total assets from $3.6M in 2016 to $7.1M in 2023, indicating strong financial health.
- High percentage of expenses dedicated to programs (implied by low admin/fundraising based on available data), suggesting efficient use of funds towards its mission.
- Positive net income in most years, contributing to asset growth and sustainability.
Frequently Asked Questions about Barre Center For Buddhist Studies Inc
Is Barre Center For Buddhist Studies Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Barre Center For Buddhist Studies Inc (EIN: 223058493) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Barre Center For Buddhist Studies Inc spend its money?
Barre Center For Buddhist Studies Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Barre Center For Buddhist Studies Inc tax-deductible?
Barre Center For Buddhist Studies Inc is registered as a tax-exempt nonprofit (EIN: 223058493). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Barre Center For Buddhist Studies Inc's spending goes to programs?
Barre Center For Buddhist Studies Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Barre Center For Buddhist Studies Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Barre Center For Buddhist Studies Inc is above average for NTEE category X50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Barre Center For Buddhist Studies Inc located?
Barre Center For Buddhist Studies Inc is headquartered in Barre, Massachusetts and files with the IRS under EIN 223058493. It is classified under NTEE code X50.
How many years of IRS 990 filings does Barre Center For Buddhist Studies Inc have?
Barre Center For Buddhist Studies Inc 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 $6.7M in total revenue.
What does Barre Center For Buddhist Studies Inc do?
Barre Center For Buddhist Studies Inc is a nonprofit organization in the Religion-Related sector, located in Barre, Massachusetts. It is classified under NTEE code X50.
How much revenue does Barre Center For Buddhist Studies Inc have?
Barre Center For Buddhist Studies Inc reported total revenue of $6,692,596. Based on 13 IRS 990 filings on record.
What are Barre Center For Buddhist Studies Inc's total assets?
Barre Center For Buddhist Studies Inc holds total assets of $8,301,130 as reported in IRS 990 filings.
Where is Barre Center For Buddhist Studies Inc located?
Barre Center For Buddhist Studies Inc is based in Barre, Massachusetts.
What is Barre Center For Buddhist Studies Inc's EIN?
Barre Center For Buddhist Studies Inc's Employer Identification Number (EIN) is 223058493. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Barre Center For Buddhist Studies Inc?
Barre Center For Buddhist Studies Inc is classified under NTEE code X50 (Religion-Related).
Is Barre Center For Buddhist Studies Inc a registered 501(c)(3)?
Yes, Barre Center For Buddhist Studies Inc is recognized as a tax-exempt organization by the IRS. EIN: 223058493.
Does Barre Center For Buddhist Studies Inc file IRS Form 990?
Yes, Barre Center For Buddhist Studies Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Barre Center For Buddhist Studies Inc's revenue in 2023?
In the 202312 filing period, Barre Center For Buddhist Studies Inc reported total revenue of $2,416,147, total expenses of $2,047,574, and net assets of $7,117,604.
Is Barre Center For Buddhist Studies Inc's revenue growing or declining?
Barre Center For Buddhist Studies Inc's revenue is declining. Revenue went from $3,152,155 (202212) to $2,416,147 (202312), a -23.3% change. Based on 13 filings on record.
What is Barre Center For Buddhist Studies Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Barre Center For Buddhist Studies Inc covers tax period 202312. It shows revenue of $2,416,147, expenses of $2,047,574, total assets of $7,117,604, and liabilities of $145,268.
How much does Barre Center For Buddhist Studies Inc spend on programs vs administration?
Based on IRS 990 analysis, Barre Center For Buddhist Studies Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Barre Center For Buddhist Studies Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Barre Center For Buddhist Studies Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Barre Center For Buddhist Studies Inc?
The following concerns were identified: Lack of specific executive compensation data makes it impossible to evaluate fairness or appropriateness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Barre Center For Buddhist Studies Inc's strengths?
Positive indicators for Barre Center For Buddhist Studies Inc include: Consistent growth in total assets from $3.6M in 2016 to $7.1M in 2023, indicating strong financial health.. High percentage of expenses dedicated to programs (implied by low admin/fundraising based on available data), suggesting efficient use of funds towards its mission.. Positive net income in most years, contributing to asset growth and sustainability.. These findings are derived from AI analysis of the organization's financial filings.
How does Barre Center For Buddhist Studies Inc compensate executives?
Executive compensation cannot be assessed as no compensation figures for officers, directors, trustees, or key employees were provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the Barre Center For Buddhist Studies managed to achieve such consistent asset growth over the past several years?
The organization has consistently reported revenues exceeding expenses, leading to an accumulation of assets. For example, in 2023, revenues were $2,416,147 against expenses of $2,047,574, contributing to an increase in assets from $6,612,710 in 2022 to $7,117,604 in 2023.
What is the primary driver of the significant revenue increase observed in 2022 and 2023 compared to previous years?
While specific revenue sources aren't detailed in the provided data, the substantial jump in revenue from $1,727,816 in 2021 to $3,152,155 in 2022 and $2,416,147 in 2023 suggests successful fundraising campaigns, increased program participation, or potentially significant one-time donations during those periods.
Filing History
IRS 990 filing history for Barre Center For Buddhist Studies Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Barre Center For Buddhist Studies Inc's revenue has grown by 238.8%, moving from $713K to $2.4M. Total assets increased by 102.7% over the same period, from $3.5M to $7.1M. Total functional expenses rose by 177.8%, from $737K to $2.0M. In its most recent filing year (2023), Barre Center For Buddhist Studies Inc reported a surplus of $369K, with revenue exceeding expenses. The organization holds $145K in liabilities against $7.1M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.0M | $7.1M | $145K | — | — |
| 2022 | $3.2M | $1.8M | $6.6M | $264K | — | View 990 |
| 2021 | $1.7M | $1.3M | $5.7M | $83K | — | View 990 |
| 2020 | $1.3M | $1.1M | $5.2M | $197K | — | View 990 |
| 2019 | $1.5M | $1000K | $4.6M | $137K | — | View 990 |
| 2018 | $976K | $947K | $3.8M | $142K | — | View 990 |
| 2017 | $1.0M | $891K | $3.9M | $162K | — | — |
| 2016 | $889K | $820K | $3.6M | $183K | — | View 990 |
| 2015 | $765K | $828K | $3.4M | $111K | — | View 990 |
| 2014 | $793K | $790K | $3.5M | $127K | — | View 990 |
| 2013 | $836K | $800K | $3.5M | $152K | — | View 990 |
| 2012 | $685K | $767K | $3.6M | $105K | — | View 990 |
| 2011 | $713K | $737K | $3.5M | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.0M, and assets of $7.1M (revenue -23.3% year-over-year).
- 2022: Revenue of $3.2M, expenses of $1.8M, and assets of $6.6M (revenue +82.4% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.3M, and assets of $5.7M (revenue +28.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.1M, and assets of $5.2M (revenue -7.5% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1000K, and assets of $4.6M (revenue +48.8% year-over-year).
- 2018: Revenue of $976K, expenses of $947K, and assets of $3.8M (revenue -4.3% year-over-year).
- 2017: Revenue of $1.0M, expenses of $891K, and assets of $3.9M (revenue +14.7% year-over-year).
- 2016: Revenue of $889K, expenses of $820K, and assets of $3.6M (revenue +16.2% year-over-year).
- 2015: Revenue of $765K, expenses of $828K, and assets of $3.4M (revenue -3.5% year-over-year).
- 2014: Revenue of $793K, expenses of $790K, and assets of $3.5M (revenue -5.1% year-over-year).
- 2013: Revenue of $836K, expenses of $800K, and assets of $3.5M (revenue +22.1% year-over-year).
- 2012: Revenue of $685K, expenses of $767K, and assets of $3.6M (revenue -4.0% year-over-year).
- 2011: Revenue of $713K, expenses of $737K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Barre Center For Buddhist Studies Inc:
Data Sources and Methodology
This transparency report for Barre Center For Buddhist Studies Inc 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.