Hwazan Buddhist Foundation
Hwazan Buddhist Foundation shows strong asset growth and zero executive compensation, indicating efficient resource allocation.
EIN: 20660127 · Mercer Island, WA · NTEE: X99 · Updated: 2026-03-28
Is Hwazan Buddhist Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hwazan Buddhist Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hwazan Buddhist Foundation
Hwazan Buddhist Foundation (EIN: 20660127) is a nonprofit organization based in Mercer Island, WA, classified under NTEE code X99. The organization reported total revenue of $1.5M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hwazan Buddhist Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hwazan Buddhist Foundation with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hwazan Buddhist Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Hwazan Buddhist Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based and that all revenue is directed towards the organization's mission and operational costs, rather than executive salaries.
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 Hwazan Buddhist Foundation:
- Consistent zero officer compensation across all filings
- No reported liabilities, indicating strong financial stability
- Significant asset growth, from $0 in 2021 to $2,395,251 in 2023
- Consistent revenue generation and positive net income in recent years
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance
Frequently Asked Questions about Hwazan Buddhist Foundation
Is Hwazan Buddhist Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hwazan Buddhist Foundation (EIN: 20660127) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Hwazan Buddhist Foundation spend its money?
Hwazan Buddhist Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hwazan Buddhist Foundation tax-deductible?
Hwazan Buddhist Foundation is registered as a tax-exempt nonprofit (EIN: 20660127). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hwazan Buddhist Foundation a good charity?
Based on the provided financial data, Hwazan Buddhist Foundation appears to be a very good charity. It consistently reports zero officer compensation, has no liabilities, and has shown significant asset growth, indicating efficient use of funds and strong financial health.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, especially in recent years. Assets grew from $0 in 2021 to $2,395,251 in 2023, and revenue has generally been strong, with a notable surplus in recent periods (e.g., $1,456,181 revenue vs. $971,757 expenses in 2023).
What is the organization's approach to executive compensation?
Hwazan Buddhist Foundation has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation. This suggests a volunteer-driven leadership model, maximizing resources for its programmatic activities.
Filing History
IRS 990 filing history for Hwazan Buddhist Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hwazan Buddhist Foundation's revenue has grown by 23.5%, moving from $1.2M to $1.5M. Total assets increased by 549% over the same period, from $369K to $2.4M. Total functional expenses rose by 12.3%, from $865K to $972K. In its most recent filing year (2023), Hwazan Buddhist Foundation reported a surplus of $484K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $972K | $2.4M | $0 | — | — |
| 2022 | $1.7M | $1.1M | $1.9M | $0 | — | View 990 |
| 2021 | $2.1M | $570K | $0 | $0 | — | View 990 |
| 2020 | $342K | $340K | $0 | $0 | — | — |
| 2019 | $809K | $543K | $0 | $0 | — | View 990 |
| 2018 | $656K | $677K | $261K | $0 | — | View 990 |
| 2017 | $655K | $638K | $18K | $0 | — | View 990 |
| 2016 | $651K | $597K | $77K | $0 | — | View 990 |
| 2015 | $893K | $870K | $123K | $0 | — | View 990 |
| 2014 | $915K | $851K | $100K | $0 | — | View 990 |
| 2013 | $918K | $874K | $44K | $0 | — | View 990 |
| 2012 | $993K | $864K | $45K | $45K | — | View 990 |
| 2011 | $1.2M | $865K | $369K | $498K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $972K, and assets of $2.4M (revenue -15.3% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.1M, and assets of $1.9M (revenue -19.4% year-over-year).
- 2021: Revenue of $2.1M, expenses of $570K, and assets of $0 (revenue +524.2% year-over-year).
- 2020: Revenue of $342K, expenses of $340K, and assets of $0 (revenue -57.8% year-over-year).
- 2019: Revenue of $809K, expenses of $543K, and assets of $0 (revenue +23.4% year-over-year).
- 2018: Revenue of $656K, expenses of $677K, and assets of $261K (revenue +0.2% year-over-year).
- 2017: Revenue of $655K, expenses of $638K, and assets of $18K (revenue +0.7% year-over-year).
- 2016: Revenue of $651K, expenses of $597K, and assets of $77K (revenue -27.1% year-over-year).
- 2015: Revenue of $893K, expenses of $870K, and assets of $123K (revenue -2.4% year-over-year).
- 2014: Revenue of $915K, expenses of $851K, and assets of $100K (revenue -0.3% year-over-year).
- 2013: Revenue of $918K, expenses of $874K, and assets of $44K (revenue -7.5% year-over-year).
- 2012: Revenue of $993K, expenses of $864K, and assets of $45K (revenue -15.8% year-over-year).
- 2011: Revenue of $1.2M, expenses of $865K, and assets of $369K.
Data Sources and Methodology
This transparency report for Hwazan Buddhist Foundation 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.