Omaha Theravada Buddhist Association
EIN: 461312224 · Omaha, NE · NTEE: X50
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $24K |
| Net Assets | $106K |
Is Omaha Theravada Buddhist Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Omaha Theravada Buddhist Association
Omaha Theravada Buddhist Association (EIN: 461312224) is a nonprofit organization based in Omaha, NE, classified under NTEE code X50. The organization reported total revenue of $75K and total assets of $166K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Omaha Theravada Buddhist Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Omaha Theravada Buddhist Association is a micro nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $24K |
| Surplus / Deficit | $-215 |
| Total Assets | $106K |
| Total Liabilities | $1 |
| Net Assets | $106K |
| Operating Margin | -0.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 51.9 months |
Financial Health Grade: B
In 2023, Omaha Theravada Buddhist Association reported a deficit of $215 with expenses exceeding revenue, holds 51.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Omaha Theravada Buddhist Association's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.4% | +51.3% | -0.2% |
| 2022 | +86.6% | -23.3% | +16.6% |
| 2021 | +1.6% | +95.1% | -4.5% |
| 2020 | +49.5% | +84.7% | +6.3% |
| 2019 | -56.5% | -72.3% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Omaha Theravada Buddhist 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 Omaha Theravada Buddhist 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 deficit of $215, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Omaha Theravada Buddhist Association
Is Omaha Theravada Buddhist Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Omaha Theravada Buddhist Association (EIN: 461312224) insufficient data. 0 red flags identified, 0 strengths noted.
How does Omaha Theravada Buddhist Association spend its money?
Detailed spending breakdown data is not yet available for Omaha Theravada Buddhist Association. Check back for updated IRS 990 analysis.
Are donations to Omaha Theravada Buddhist Association tax-deductible?
Omaha Theravada Buddhist Association is registered as a tax-exempt nonprofit (EIN: 461312224). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Omaha Theravada Buddhist Association located?
Omaha Theravada Buddhist Association is headquartered in Omaha, Nebraska and files with the IRS under EIN 461312224. It is classified under NTEE code X50.
How many years of IRS 990 filings does Omaha Theravada Buddhist Association have?
Omaha Theravada Buddhist Association has 6 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 $75K in total revenue.
Filing History
IRS 990 filing history for Omaha Theravada Buddhist Association showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Omaha Theravada Buddhist Association's revenue has declined by 4.3%, moving from $25K to $24K. Total assets increased by 25.4% over the same period, from $84K to $106K. Total functional expenses rose by 16%, from $21K to $24K. In its most recent filing year (2023), Omaha Theravada Buddhist Association reported a deficit of $215, with expenses exceeding revenue. The organization holds $1 in liabilities against $106K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $106K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $24K | $106K | $1 | — | — |
| 2022 | $31K | $16K | $106K | $1 | — | — |
| 2021 | $17K | $21K | $91K | $1 | — | View 990 |
| 2020 | $16K | $11K | $95K | $1 | — | — |
| 2019 | $11K | $6K | $90K | $0 | — | View 990 |
| 2018 | $25K | $21K | $84K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $24K, and assets of $106K (revenue -22.4% year-over-year).
- 2022: Revenue of $31K, expenses of $16K, and assets of $106K (revenue +86.6% year-over-year).
- 2021: Revenue of $17K, expenses of $21K, and assets of $91K (revenue +1.6% year-over-year).
- 2020: Revenue of $16K, expenses of $11K, and assets of $95K (revenue +49.5% year-over-year).
- 2019: Revenue of $11K, expenses of $6K, and assets of $90K (revenue -56.5% year-over-year).
- 2018: Revenue of $25K, expenses of $21K, and assets of $84K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Omaha Theravada Buddhist Association:
Data Sources and Methodology
This transparency report for Omaha Theravada Buddhist 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.