Nguyen Khong Monastery And Meditation Center Inc
EIN: 471940818 · Albuquerque, NM · NTEE: X50
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $25K |
| Net Assets | $85K |
Is Nguyen Khong Monastery And Meditation Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nguyen Khong Monastery And Meditation Center Inc
Nguyen Khong Monastery And Meditation Center Inc (EIN: 471940818) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code X50. The organization reported total revenue of $36K and total assets of $234K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nguyen Khong Monastery And Meditation Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nguyen Khong Monastery And Meditation Center Inc is a micro nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -29.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $25K |
| Surplus / Deficit | $-7,156 |
| Total Assets | $236K |
| Total Liabilities | $151K |
| Net Assets | $85K |
| Operating Margin | -40.6% |
| Debt-to-Asset Ratio | 63.9% |
| Months of Reserves | 114.4 months |
Financial Health Grade: C
In 2023, Nguyen Khong Monastery And Meditation Center Inc reported a deficit of $7K with expenses exceeding revenue, holds 114.4 months of operating reserves (strong position), has a debt-to-asset ratio of 63.9% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Nguyen Khong Monastery And Meditation Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -29.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.2% | -62.8% | -0.9% |
| 2022 | -79.5% | +66.8% | -15.8% |
| 2021 | +201.1% | +42.8% | +3.8% |
| 2020 | -31.4% | +27.7% | -1.5% |
| 2019 | -36.8% | -35.7% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nguyen Khong Monastery And Meditation Center Inc 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 Nguyen Khong Monastery And Meditation Center Inc 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 deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.9%.
Frequently Asked Questions about Nguyen Khong Monastery And Meditation Center Inc
Is Nguyen Khong Monastery And Meditation Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nguyen Khong Monastery And Meditation Center Inc (EIN: 471940818) insufficient data. 0 red flags identified, 0 strengths noted.
How does Nguyen Khong Monastery And Meditation Center Inc spend its money?
Detailed spending breakdown data is not yet available for Nguyen Khong Monastery And Meditation Center Inc. Check back for updated IRS 990 analysis.
Are donations to Nguyen Khong Monastery And Meditation Center Inc tax-deductible?
Nguyen Khong Monastery And Meditation Center Inc is registered as a tax-exempt nonprofit (EIN: 471940818). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nguyen Khong Monastery And Meditation Center Inc located?
Nguyen Khong Monastery And Meditation Center Inc is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 471940818. It is classified under NTEE code X50.
How many years of IRS 990 filings does Nguyen Khong Monastery And Meditation Center Inc have?
Nguyen Khong Monastery And Meditation Center Inc has 7 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 $36K in total revenue.
Filing History
IRS 990 filing history for Nguyen Khong Monastery And Meditation Center Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Nguyen Khong Monastery And Meditation Center Inc's revenue has declined by 87.2%, moving from $137K to $18K. Total assets decreased by 17.6% over the same period, from $287K to $236K. Total functional expenses fell by 52.5%, from $52K to $25K. In its most recent filing year (2023), Nguyen Khong Monastery And Meditation Center Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $151K in liabilities against $236K in assets (debt-to-asset ratio: 63.9%), resulting in net assets of $85K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18K | $25K | $236K | $151K | — | View 990 |
| 2022 | $15K | $67K | $238K | $146K | — | View 990 |
| 2021 | $71K | $40K | $283K | $138K | — | — |
| 2020 | $24K | $28K | $272K | $159K | — | — |
| 2019 | $34K | $22K | $277K | $158K | — | View 990 |
| 2018 | $54K | $34K | $264K | $158K | — | View 990 |
| 2017 | $137K | $52K | $287K | $201K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18K, expenses of $25K, and assets of $236K (revenue +21.2% year-over-year).
- 2022: Revenue of $15K, expenses of $67K, and assets of $238K (revenue -79.5% year-over-year).
- 2021: Revenue of $71K, expenses of $40K, and assets of $283K (revenue +201.1% year-over-year).
- 2020: Revenue of $24K, expenses of $28K, and assets of $272K (revenue -31.4% year-over-year).
- 2019: Revenue of $34K, expenses of $22K, and assets of $277K (revenue -36.8% year-over-year).
- 2018: Revenue of $54K, expenses of $34K, and assets of $264K (revenue -60.4% year-over-year).
- 2017: Revenue of $137K, expenses of $52K, and assets of $287K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nguyen Khong Monastery And Meditation Center Inc:
Data Sources and Methodology
This transparency report for Nguyen Khong Monastery And Meditation Center 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.