Kangyur Rinpoche Foundation
Kangyur Rinpoche Foundation shows inconsistent financial performance with recent deficit spending and fluctuating assets.
EIN: 202141617 · Santa Fe, NM · NTEE: Q30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $306K |
| Total Expenses | $230K |
| Program Spending | 75% |
| Net Assets | $666 |
| Transparency Score | 65/100 |
Is Kangyur Rinpoche Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kangyur Rinpoche Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kangyur Rinpoche Foundation
Kangyur Rinpoche Foundation (EIN: 202141617) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code Q30. The organization reported total revenue of $306K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kangyur Rinpoche Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kangyur Rinpoche Foundation is a small nonprofit that has been operating for 19 years, with 4 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 38.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $230K |
| Surplus / Deficit | $-79,703 |
| Total Assets | $666 |
| Net Assets | $666 |
| Operating Margin | -53.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, Kangyur Rinpoche Foundation reported a deficit of $80K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2011–2023), Kangyur Rinpoche Foundation's revenue has grown at a compound annual growth rate (CAGR) of 38.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +90.9% | +18482.6% | -99.2% |
| 2022 | +742.6% | -60.9% | +230.6% |
| 2012 | +205.2% | -96.0% | +34.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Kangyur Rinpoche Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Kangyur Rinpoche Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $80K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers or directors received compensation from the organization, which is a positive for donor perception.
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 Kangyur Rinpoche Foundation's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202312), indicating deficit spending.
- Significant fluctuation in assets, dropping from $80,369 in 202212 to $666 in 202312, suggests potential financial instability.
- Lack of detailed expense breakdown in provided data makes precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Kangyur Rinpoche Foundation:
- Consistently reports 0% officer compensation, indicating no executive pay from the organization.
- Demonstrates significant revenue growth over its filing history, from $3,063 in 201112 to $150,349 in 202312.
- Maintains a clean liability record with $0 reported in all available filings.
Frequently Asked Questions about Kangyur Rinpoche Foundation
Is Kangyur Rinpoche Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kangyur Rinpoche Foundation (EIN: 202141617) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Kangyur Rinpoche Foundation spend its money?
Kangyur Rinpoche Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kangyur Rinpoche Foundation tax-deductible?
Kangyur Rinpoche Foundation is registered as a tax-exempt nonprofit (EIN: 202141617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kangyur Rinpoche Foundation's spending goes to programs?
Kangyur Rinpoche Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kangyur Rinpoche Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Kangyur Rinpoche Foundation is above average for NTEE category Q30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kangyur Rinpoche Foundation located?
Kangyur Rinpoche Foundation is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 202141617. It is classified under NTEE code Q30.
How many years of IRS 990 filings does Kangyur Rinpoche Foundation have?
Kangyur Rinpoche Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $306K in total revenue.
Is Kangyur Rinpoche Foundation a good charity?
Based on the available data, the foundation has some positive aspects like 0% officer compensation and a history of filings. However, the recent deficit spending in 202312 (expenses of $230,052 against revenue of $150,349) and highly fluctuating assets raise questions about financial stability. More detailed expense breakdowns would be needed to fully assess program efficiency.
Why did assets drop significantly in 2023?
Assets decreased from $80,369 in 202212 to $666 in 202312. This significant drop, coupled with expenses exceeding revenue in 202312, suggests that the organization may have utilized a substantial portion of its assets to cover operational costs or for specific program expenditures during that period.
What is the trend in the organization's revenue?
Revenue has shown significant growth from $3,063 in 201112 to $150,349 in 202312, with the latest reported revenue being $305,823. However, this growth is not always matched by expense management, as seen in the 202312 deficit.
Filing History
IRS 990 filing history for Kangyur Rinpoche Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2023), Kangyur Rinpoche Foundation's revenue has grown by 4808.6%, moving from $3K to $150K. Total assets decreased by 96.3% over the same period, from $18K to $666. Total functional expenses rose by 189.2%, from $80K to $230K. In its most recent filing year (2023), Kangyur Rinpoche Foundation reported a deficit of $80K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $150K | $230K | $666 | $0 | — | View 990 |
| 2022 | $79K | $1K | $80K | $0 | — | View 990 |
| 2012 | $9K | $3K | $24K | $0 | — | View 990 |
| 2011 | $3K | $80K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $150K, expenses of $230K, and assets of $666 (revenue +90.9% year-over-year).
- 2022: Revenue of $79K, expenses of $1K, and assets of $80K (revenue +742.6% year-over-year).
- 2012: Revenue of $9K, expenses of $3K, and assets of $24K (revenue +205.2% year-over-year).
- 2011: Revenue of $3K, expenses of $80K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kangyur Rinpoche Foundation:
Data Sources and Methodology
This transparency report for Kangyur Rinpoche 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.