Institute Of Chung Hwa Buddhist Culture Inc
Institute Of Chung Hwa Buddhist Culture Inc consistently accumulates assets with low reported expenses and no officer compensation.
EIN: 112503369 · Elmhurst, NY · NTEE: P54Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $497K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $28 |
| Net Assets | $24.7M |
| Transparency Score | 88/100 |
Is Institute Of Chung Hwa Buddhist Culture Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Institute Of Chung Hwa Buddhist Culture Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Institute Of Chung Hwa Buddhist Culture Inc
Institute Of Chung Hwa Buddhist Culture Inc (EIN: 112503369) is a nonprofit organization based in Elmhurst, NY, classified under NTEE code P54Z. The organization reported total revenue of $1.9M and total assets of $28.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute Of Chung Hwa Buddhist Culture Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute Of Chung Hwa Buddhist Culture Inc is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $497K |
| Surplus / Deficit | +$1.6M |
| Total Assets | $24.7M |
| Total Liabilities | $10K |
| Net Assets | $24.7M |
| Operating Margin | 76.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 597.3 months |
Financial Health Grade: A
In 2023, Institute Of Chung Hwa Buddhist Culture Inc reported a surplus of $1.6M with revenue exceeding expenses, holds 597.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Institute Of Chung Hwa Buddhist Culture Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.6% | +41.6% | +6.9% |
| 2022 | -63.4% | -33.5% | +8.2% |
| 2021 | +223.5% | -5.4% | +34.7% |
| 2020 | +53.2% | +18.3% | +8.9% |
| 2019 | -52.9% | -3.0% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1980 |
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 Institute Of Chung Hwa Buddhist Culture Inc with a Mission Score of 88 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, Institute Of Chung Hwa Buddhist Culture 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 $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with assets exceeding $28 million.
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 Institute Of Chung Hwa Buddhist Culture Inc's IRS 990 filings:
- Lack of detailed expense breakdown makes it difficult to fully assess program spending efficiency.
- Significant asset accumulation relative to expenses could indicate underutilization of funds for immediate programmatic impact, depending on the organization's long-term goals.
Strengths
The following positive indicators were identified for Institute Of Chung Hwa Buddhist Culture Inc:
- Strong and consistent asset growth, indicating financial stability and sustainability.
- Consistently low reported expenses relative to revenue, suggesting efficient operations or strategic fund accumulation.
- 0% officer compensation reported across all filings, demonstrating a commitment to minimizing executive overhead.
- Consistent filing history, indicating good transparency and compliance with IRS requirements.
- Very low liabilities compared to assets, indicating a healthy balance sheet (e.g., $9,500 liabilities vs. $24,735,022 assets in 202306).
Frequently Asked Questions about Institute Of Chung Hwa Buddhist Culture Inc
Is Institute Of Chung Hwa Buddhist Culture Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Institute Of Chung Hwa Buddhist Culture Inc (EIN: 112503369) some concerns. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
How does Institute Of Chung Hwa Buddhist Culture Inc spend its money?
Institute Of Chung Hwa Buddhist Culture Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Institute Of Chung Hwa Buddhist Culture Inc tax-deductible?
Institute Of Chung Hwa Buddhist Culture Inc is registered as a tax-exempt nonprofit (EIN: 112503369). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Institute Of Chung Hwa Buddhist Culture Inc CEO make?
Institute Of Chung Hwa Buddhist Culture Inc's highest-compensated officer earns $28 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Institute Of Chung Hwa Buddhist Culture Inc's spending goes to programs?
Institute Of Chung Hwa Buddhist Culture Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Institute Of Chung Hwa Buddhist Culture Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Institute Of Chung Hwa Buddhist Culture Inc is above average for NTEE category P54Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Institute Of Chung Hwa Buddhist Culture Inc located?
Institute Of Chung Hwa Buddhist Culture Inc is headquartered in Elmhurst, New York and files with the IRS under EIN 112503369. It is classified under NTEE code P54Z.
How many years of IRS 990 filings does Institute Of Chung Hwa Buddhist Culture Inc have?
Institute Of Chung Hwa Buddhist Culture 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 $1.9M in total revenue.
Is Institute Of Chung Hwa Buddhist Culture Inc a good charity?
Based on the available financial data, the organization appears to be financially sound, with strong asset growth and very low reported expenses relative to revenue. The consistent 0% officer compensation is a significant positive. However, without a detailed breakdown of how the low expenses are allocated between programs, administration, and fundraising, a complete assessment of 'goodness' is limited, though the overall financial health is strong.
How does the organization manage its significant asset growth?
The organization has consistently grown its assets from $6,880,023 in 201406 to $28,013,352 currently. This growth is driven by revenues significantly exceeding expenses in most periods, such as $6,006,591 revenue vs. $527,449 expenses in 202106. This suggests a strategy of reinvestment or endowment building rather than immediate high program spending relative to income.
What is the typical expense ratio for this organization?
The expense ratio (expenses/revenue) is remarkably low. For example, in 202306, it was approximately 23.7% ($496,966 / $2,097,514). In 202206, it was even lower at about 16% ($350,847 / $2,197,674). This indicates either extremely efficient operations or a primary focus on accumulating funds rather than spending them.
Filing History
IRS 990 filing history for Institute Of Chung Hwa Buddhist Culture Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Institute Of Chung Hwa Buddhist Culture Inc's revenue has grown by 280.3%, moving from $552K to $2.1M. Total assets increased by 1236.8% over the same period, from $1.9M to $24.7M. Total functional expenses rose by 183.1%, from $176K to $497K. In its most recent filing year (2023), Institute Of Chung Hwa Buddhist Culture Inc reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $10K in liabilities against $24.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $497K | $24.7M | $10K | — | View 990 |
| 2022 | $2.2M | $351K | $23.1M | $10K | — | View 990 |
| 2021 | $6.0M | $527K | $21.4M | $10K | — | View 990 |
| 2020 | $1.9M | $557K | $15.9M | $10K | — | View 990 |
| 2019 | $1.2M | $471K | $14.6M | $9K | — | View 990 |
| 2018 | $2.6M | $486K | $13.8M | $17K | — | View 990 |
| 2017 | $1.4M | $333K | $11.8M | $62K | — | View 990 |
| 2016 | $1.1M | $500K | $10.8M | $81K | — | View 990 |
| 2015 | $3.8M | $415K | $10.2M | $73K | — | View 990 |
| 2014 | $1.6M | $338K | $6.9M | $84K | — | View 990 |
| 2013 | $2.5M | $326K | $5.6M | $68K | — | View 990 |
| 2012 | $1.8M | $262K | $3.4M | $64K | — | View 990 |
| 2011 | $552K | $176K | $1.9M | $64K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $497K, and assets of $24.7M (revenue -4.6% year-over-year).
- 2022: Revenue of $2.2M, expenses of $351K, and assets of $23.1M (revenue -63.4% year-over-year).
- 2021: Revenue of $6.0M, expenses of $527K, and assets of $21.4M (revenue +223.5% year-over-year).
- 2020: Revenue of $1.9M, expenses of $557K, and assets of $15.9M (revenue +53.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $471K, and assets of $14.6M (revenue -52.9% year-over-year).
- 2018: Revenue of $2.6M, expenses of $486K, and assets of $13.8M (revenue +86.7% year-over-year).
- 2017: Revenue of $1.4M, expenses of $333K, and assets of $11.8M (revenue +27.9% year-over-year).
- 2016: Revenue of $1.1M, expenses of $500K, and assets of $10.8M (revenue -71.5% year-over-year).
- 2015: Revenue of $3.8M, expenses of $415K, and assets of $10.2M (revenue +129.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $338K, and assets of $6.9M (revenue -33.0% year-over-year).
- 2013: Revenue of $2.5M, expenses of $326K, and assets of $5.6M (revenue +34.0% year-over-year).
- 2012: Revenue of $1.8M, expenses of $262K, and assets of $3.4M (revenue +232.5% year-over-year).
- 2011: Revenue of $552K, expenses of $176K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute Of Chung Hwa Buddhist Culture Inc:
Data Sources and Methodology
This transparency report for Institute Of Chung Hwa Buddhist Culture 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.