Illinois Vipassana Association
EIN: 364340723 · Pecatonica, IL · NTEE: X500
| Metric | Value |
|---|---|
| Total Revenue | $794K |
| Total Expenses | $478K |
| Net Assets | $2.7M |
Is Illinois Vipassana Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Illinois Vipassana Association
Illinois Vipassana Association (EIN: 364340723) is a nonprofit organization based in Pecatonica, IL, classified under NTEE code X500. The organization reported total revenue of $794K and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Illinois Vipassana Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Illinois Vipassana Association is a small nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $835K |
| Total Expenses | $478K |
| Surplus / Deficit | +$357K |
| Total Assets | $3.5M |
| Total Liabilities | $851K |
| Net Assets | $2.7M |
| Operating Margin | 42.8% |
| Debt-to-Asset Ratio | 24.2% |
| Months of Reserves | 88.5 months |
Financial Health Grade: A
In 2023, Illinois Vipassana Association reported a surplus of $357K with revenue exceeding expenses, holds 88.5 months of operating reserves (strong position), has a debt-to-asset ratio of 24.2% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Illinois Vipassana Association's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +82.8% | +79.3% | +42.7% |
| 2022 | -56.5% | -37.9% | +8.8% |
| 2021 | +334.1% | +112.3% | +48.7% |
| 2020 | -35.0% | -27.3% | +4.5% |
| 2019 | -21.7% | -21.8% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Illinois Vipassana Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Illinois Vipassana Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $357K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.2%.
Frequently Asked Questions about Illinois Vipassana Association
Is Illinois Vipassana Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Illinois Vipassana Association (EIN: 364340723) insufficient data. 0 red flags identified, 0 strengths noted.
How does Illinois Vipassana Association spend its money?
Detailed spending breakdown data is not yet available for Illinois Vipassana Association. Check back for updated IRS 990 analysis.
Are donations to Illinois Vipassana Association tax-deductible?
Illinois Vipassana Association is registered as a tax-exempt nonprofit (EIN: 364340723). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Illinois Vipassana Association located?
Illinois Vipassana Association is headquartered in Pecatonica, Illinois and files with the IRS under EIN 364340723. It is classified under NTEE code X500.
How many years of IRS 990 filings does Illinois Vipassana Association have?
Illinois Vipassana Association has 14 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 $794K in total revenue.
Filing History
IRS 990 filing history for Illinois Vipassana Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Illinois Vipassana Association's revenue has grown by 223.4%, moving from $258K to $835K. Total assets increased by 202.3% over the same period, from $1.2M to $3.5M. Total functional expenses rose by 75.2%, from $273K to $478K. In its most recent filing year (2023), Illinois Vipassana Association reported a surplus of $357K, with revenue exceeding expenses. The organization holds $851K in liabilities against $3.5M in assets (debt-to-asset ratio: 24.2%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $835K | $478K | $3.5M | $851K | — | — |
| 2022 | $457K | $266K | $2.5M | $155K | — | View 990 |
| 2021 | $1.1M | $429K | $2.3M | $147K | — | View 990 |
| 2020 | $242K | $202K | $1.5M | $25K | — | View 990 |
| 2019 | $372K | $278K | $1.5M | $0 | — | View 990 |
| 2018 | $475K | $355K | $1.4M | $64K | — | View 990 |
| 2017 | $547K | $251K | $1.4M | $165K | — | View 990 |
| 2016 | $132K | $101K | $1.4M | $486K | — | View 990 |
| 2016 | $485K | $232K | $1.4M | $510K | — | View 990 |
| 2015 | $340K | $264K | $1.3M | $633K | — | View 990 |
| 2014 | $288K | $274K | $1.3M | $688K | — | View 990 |
| 2013 | $372K | $270K | $1.3M | $727K | — | View 990 |
| 2012 | $368K | $278K | $1.3M | $816K | — | View 990 |
| 2011 | $258K | $273K | $1.2M | $773K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $835K, expenses of $478K, and assets of $3.5M (revenue +82.8% year-over-year).
- 2022: Revenue of $457K, expenses of $266K, and assets of $2.5M (revenue -56.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $429K, and assets of $2.3M (revenue +334.1% year-over-year).
- 2020: Revenue of $242K, expenses of $202K, and assets of $1.5M (revenue -35.0% year-over-year).
- 2019: Revenue of $372K, expenses of $278K, and assets of $1.5M (revenue -21.7% year-over-year).
- 2018: Revenue of $475K, expenses of $355K, and assets of $1.4M (revenue -13.2% year-over-year).
- 2017: Revenue of $547K, expenses of $251K, and assets of $1.4M (revenue +316.1% year-over-year).
- 2016: Revenue of $132K, expenses of $101K, and assets of $1.4M (revenue -72.9% year-over-year).
- 2016: Revenue of $485K, expenses of $232K, and assets of $1.4M (revenue +42.4% year-over-year).
- 2015: Revenue of $340K, expenses of $264K, and assets of $1.3M (revenue +18.1% year-over-year).
- 2014: Revenue of $288K, expenses of $274K, and assets of $1.3M (revenue -22.4% year-over-year).
- 2013: Revenue of $372K, expenses of $270K, and assets of $1.3M (revenue +0.9% year-over-year).
- 2012: Revenue of $368K, expenses of $278K, and assets of $1.3M (revenue +42.6% year-over-year).
- 2011: Revenue of $258K, expenses of $273K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Illinois Vipassana Association:
Data Sources and Methodology
This transparency report for Illinois Vipassana Association 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.