Kalachakra Buddha Association
Kalachakra Buddha Association consistently grows assets and operates with 0% officer compensation.
EIN: 208002744 · Farmersville, TX · NTEE: X50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $959K |
| Total Expenses | $427K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.0M |
| Transparency Score | 85/100 |
Is Kalachakra Buddha Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kalachakra Buddha Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Kalachakra Buddha Association
Kalachakra Buddha Association (EIN: 208002744) is a nonprofit organization based in Farmersville, TX, classified under NTEE code X50. The organization reported total revenue of $959K and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kalachakra Buddha Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kalachakra Buddha Association is a small nonprofit that has been operating for 19 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $916K |
| Total Expenses | $427K |
| Surplus / Deficit | +$489K |
| Total Assets | $5.4M |
| Total Liabilities | $1.4M |
| Net Assets | $4.0M |
| Operating Margin | 53.4% |
| Debt-to-Asset Ratio | 25.2% |
| Months of Reserves | 151.9 months |
Financial Health Grade: A
In 2023, Kalachakra Buddha Association reported a surplus of $489K with revenue exceeding expenses, holds 151.9 months of operating reserves (strong position), has a debt-to-asset ratio of 25.2% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Kalachakra Buddha Association's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.2% | +26.1% | +10.9% |
| 2022 | -7.3% | -13.9% | +10.7% |
| 2021 | +2.9% | +94.8% | +9.7% |
| 2020 | +45.0% | -23.4% | +14.4% |
| 2019 | +29.5% | -4.8% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2007 |
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 Kalachakra Buddha Association 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Kalachakra Buddha Association allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $489K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.2%.
Executive Compensation Analysis
Executive compensation is 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 efficient for an organization with assets exceeding $5 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 Kalachakra Buddha Association's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data, making efficiency analysis difficult.
Strengths
The following positive indicators were identified for Kalachakra Buddha Association:
- Consistent revenue growth over eight years, from $408,610 in 2016 to $916,174 in 2023.
- Significant asset accumulation, growing from $2.97 million in 2016 to $5.41 million in 2023.
- Reported 0% officer compensation across all filings, indicating highly efficient leadership costs.
- Expenses consistently well below revenue, demonstrating strong financial management and ability to build reserves.
Frequently Asked Questions about Kalachakra Buddha Association
Is Kalachakra Buddha Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Kalachakra Buddha Association (EIN: 208002744) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Kalachakra Buddha Association spend its money?
Kalachakra Buddha Association directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kalachakra Buddha Association tax-deductible?
Kalachakra Buddha Association is registered as a tax-exempt nonprofit (EIN: 208002744). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kalachakra Buddha Association CEO make?
Kalachakra Buddha Association's highest-compensated officer earns $5 annually. The organization reported $959K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kalachakra Buddha Association's spending goes to programs?
Kalachakra Buddha Association directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Kalachakra Buddha Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kalachakra Buddha Association 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 Kalachakra Buddha Association located?
Kalachakra Buddha Association is headquartered in Farmersville, Texas and files with the IRS under EIN 208002744. It is classified under NTEE code X50.
How many years of IRS 990 filings does Kalachakra Buddha Association have?
Kalachakra Buddha Association has 8 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 $959K in total revenue.
Is Kalachakra Buddha Association a good charity?
Based on the available IRS 990 data, the Kalachakra Buddha Association appears to be a financially stable organization with consistent asset growth and a notable commitment to not compensating its officers. This suggests a strong dedication to its mission and efficient use of resources. However, without a detailed breakdown of program spending versus administrative costs, a full assessment of its 'goodness' as a charity is limited.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has grown from $408,610 in 2016 to $916,174 in 2023, and assets have more than doubled from $2,973,665 to $5,408,098 in the same period. Expenses have consistently been well below revenue, indicating strong financial management and accumulation of reserves.
What are the liabilities and how do they impact the organization?
Liabilities have remained relatively stable, fluctuating between $1,354,423 and $1,411,883 across the filing periods. While the nature of these liabilities isn't specified in the summary data, their stability and the organization's growing asset base suggest they are manageable and do not pose an immediate threat to financial stability. Further investigation into the type of liabilities would be beneficial.
Filing History
IRS 990 filing history for Kalachakra Buddha Association showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Kalachakra Buddha Association's revenue has grown by 124.2%, moving from $409K to $916K. Total assets increased by 81.9% over the same period, from $3.0M to $5.4M. Total functional expenses rose by 83.5%, from $233K to $427K. In its most recent filing year (2023), Kalachakra Buddha Association reported a surplus of $489K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $5.4M in assets (debt-to-asset ratio: 25.2%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $916K | $427K | $5.4M | $1.4M | — | View 990 |
| 2022 | $726K | $339K | $4.9M | $1.4M | — | View 990 |
| 2021 | $783K | $394K | $4.4M | $1.4M | — | View 990 |
| 2020 | $761K | $202K | $4.0M | $1.4M | — | — |
| 2019 | $525K | $264K | $3.5M | $1.4M | — | View 990 |
| 2018 | $405K | $277K | $3.3M | $1.4M | — | — |
| 2017 | $371K | $221K | $3.1M | $1.4M | — | — |
| 2016 | $409K | $233K | $3.0M | $1.4M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $916K, expenses of $427K, and assets of $5.4M (revenue +26.2% year-over-year).
- 2022: Revenue of $726K, expenses of $339K, and assets of $4.9M (revenue -7.3% year-over-year).
- 2021: Revenue of $783K, expenses of $394K, and assets of $4.4M (revenue +2.9% year-over-year).
- 2020: Revenue of $761K, expenses of $202K, and assets of $4.0M (revenue +45.0% year-over-year).
- 2019: Revenue of $525K, expenses of $264K, and assets of $3.5M (revenue +29.5% year-over-year).
- 2018: Revenue of $405K, expenses of $277K, and assets of $3.3M (revenue +9.1% year-over-year).
- 2017: Revenue of $371K, expenses of $221K, and assets of $3.1M (revenue -9.1% year-over-year).
- 2016: Revenue of $409K, expenses of $233K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kalachakra Buddha Association:
Data Sources and Methodology
This transparency report for Kalachakra Buddha 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.