Phap Vu Buddhist Cultural Centre Of Florida Inc
Phap Vu Buddhist Cultural Centre consistently generates surpluses and reduces liabilities with no reported officer compensation.
EIN: 202691072 · Orlando, FL · NTEE: X50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $559K |
| Total Expenses | $417K |
| Program Spending | 85% |
| Net Assets | $3.2M |
| Transparency Score | 90/100 |
Is Phap Vu Buddhist Cultural Centre Of Florida Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phap Vu Buddhist Cultural Centre Of Florida Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phap Vu Buddhist Cultural Centre Of Florida Inc
Phap Vu Buddhist Cultural Centre Of Florida Inc (EIN: 202691072) is a nonprofit organization based in Orlando, FL, classified under NTEE code X50. The organization reported total revenue of $559K and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phap Vu Buddhist Cultural Centre Of Florida Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phap Vu Buddhist Cultural Centre Of Florida Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $581K |
| Total Expenses | $417K |
| Surplus / Deficit | +$164K |
| Total Assets | $4.1M |
| Total Liabilities | $903K |
| Net Assets | $3.2M |
| Operating Margin | 28.3% |
| Debt-to-Asset Ratio | 22.2% |
| Months of Reserves | 117.3 months |
Financial Health Grade: A
In 2023, Phap Vu Buddhist Cultural Centre Of Florida Inc reported a surplus of $164K with revenue exceeding expenses, holds 117.3 months of operating reserves (strong position), has a debt-to-asset ratio of 22.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Phap Vu Buddhist Cultural Centre Of Florida Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | +3.3% | -1.3% |
| 2022 | -0.8% | +18.3% | +4.7% |
| 2021 | +37.3% | +4.3% | +3.0% |
| 2020 | -26.1% | -25.9% | -3.6% |
| 2019 | -5.7% | +2.7% | -11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2005 |
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 Phap Vu Buddhist Cultural Centre Of Florida Inc with a Mission Score of 90 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, Phap Vu Buddhist Cultural Centre Of Florida 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 $164K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a strong dedication to directing all available funds towards its mission and operational costs, rather than executive remuneration.
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.
Strengths
The following positive indicators were identified for Phap Vu Buddhist Cultural Centre Of Florida Inc:
- Consistent revenue surpluses (e.g., $164,467 surplus in 2023).
- Significant reduction in liabilities over time (from $2.67M in 2015 to $0.90M in 2023).
- No reported officer compensation across all filings, indicating strong resource allocation to mission.
- Steady growth in assets over recent periods (e.g., $3.83M in 2020 to $4.08M in 2023).
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Phap Vu Buddhist Cultural Centre Of Florida Inc
Is Phap Vu Buddhist Cultural Centre Of Florida Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Phap Vu Buddhist Cultural Centre Of Florida Inc (EIN: 202691072) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Phap Vu Buddhist Cultural Centre Of Florida Inc spend its money?
Phap Vu Buddhist Cultural Centre Of Florida Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phap Vu Buddhist Cultural Centre Of Florida Inc tax-deductible?
Phap Vu Buddhist Cultural Centre Of Florida Inc is registered as a tax-exempt nonprofit (EIN: 202691072). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Phap Vu Buddhist Cultural Centre Of Florida Inc's spending goes to programs?
Phap Vu Buddhist Cultural Centre Of Florida Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Phap Vu Buddhist Cultural Centre Of Florida Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Phap Vu Buddhist Cultural Centre Of Florida Inc 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 Phap Vu Buddhist Cultural Centre Of Florida Inc located?
Phap Vu Buddhist Cultural Centre Of Florida Inc is headquartered in Orlando, Florida and files with the IRS under EIN 202691072. It is classified under NTEE code X50.
How many years of IRS 990 filings does Phap Vu Buddhist Cultural Centre Of Florida Inc have?
Phap Vu Buddhist Cultural Centre Of Florida 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 $559K in total revenue.
Is Phap Vu Buddhist Cultural Centre Of Florida Inc financially stable?
Yes, the organization appears financially stable, consistently generating revenue surpluses (e.g., $581,382 revenue vs. $416,915 expenses in 2023) and steadily reducing its liabilities from $2,669,851 in 2015 to $903,369 in 2023.
How does Phap Vu Buddhist Cultural Centre Of Florida Inc manage executive compensation?
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for resource allocation to its mission.
What is the trend in the organization's assets and liabilities?
Assets have generally increased over recent years, reaching $4,077,058 in 2023, while liabilities have shown a significant downward trend, decreasing from $2,669,851 in 2015 to $903,369 in 2023.
Is the organization efficient in its spending?
While a detailed functional expense breakdown is not provided, the consistent revenue surpluses and the absence of officer compensation suggest a high degree of efficiency in managing its finances and directing resources towards its mission.
Filing History
IRS 990 filing history for Phap Vu Buddhist Cultural Centre Of Florida Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Phap Vu Buddhist Cultural Centre Of Florida Inc's revenue has declined by 22.3%, moving from $748K to $581K. Total assets increased by 129.2% over the same period, from $1.8M to $4.1M. Total functional expenses fell by 7%, from $448K to $417K. In its most recent filing year (2023), Phap Vu Buddhist Cultural Centre Of Florida Inc reported a surplus of $164K, with revenue exceeding expenses. The organization holds $903K in liabilities against $4.1M in assets (debt-to-asset ratio: 22.2%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $581K | $417K | $4.1M | $903K | — | View 990 |
| 2022 | $588K | $403K | $4.1M | $959K | — | View 990 |
| 2021 | $593K | $341K | $3.9M | $1.1M | — | View 990 |
| 2020 | $432K | $327K | $3.8M | $1.2M | — | View 990 |
| 2019 | $585K | $441K | $4.0M | $1.4M | — | View 990 |
| 2018 | $620K | $430K | $4.5M | $2.1M | — | View 990 |
| 2017 | $544K | $460K | $4.5M | $2.3M | — | View 990 |
| 2016 | $534K | $438K | $4.6M | $2.5M | — | View 990 |
| 2015 | $678K | $495K | $4.7M | $2.7M | — | View 990 |
| 2014 | $745K | $392K | $4.5M | $2.7M | — | View 990 |
| 2013 | $600K | $359K | $2.7M | $1.1M | — | View 990 |
| 2012 | $651K | $391K | $1.9M | $651K | — | View 990 |
| 2011 | $748K | $448K | $1.8M | $743K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $581K, expenses of $417K, and assets of $4.1M (revenue -1.2% year-over-year).
- 2022: Revenue of $588K, expenses of $403K, and assets of $4.1M (revenue -0.8% year-over-year).
- 2021: Revenue of $593K, expenses of $341K, and assets of $3.9M (revenue +37.3% year-over-year).
- 2020: Revenue of $432K, expenses of $327K, and assets of $3.8M (revenue -26.1% year-over-year).
- 2019: Revenue of $585K, expenses of $441K, and assets of $4.0M (revenue -5.7% year-over-year).
- 2018: Revenue of $620K, expenses of $430K, and assets of $4.5M (revenue +14.0% year-over-year).
- 2017: Revenue of $544K, expenses of $460K, and assets of $4.5M (revenue +1.9% year-over-year).
- 2016: Revenue of $534K, expenses of $438K, and assets of $4.6M (revenue -21.3% year-over-year).
- 2015: Revenue of $678K, expenses of $495K, and assets of $4.7M (revenue -9.0% year-over-year).
- 2014: Revenue of $745K, expenses of $392K, and assets of $4.5M (revenue +24.2% year-over-year).
- 2013: Revenue of $600K, expenses of $359K, and assets of $2.7M (revenue -7.8% year-over-year).
- 2012: Revenue of $651K, expenses of $391K, and assets of $1.9M (revenue -13.0% year-over-year).
- 2011: Revenue of $748K, expenses of $448K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phap Vu Buddhist Cultural Centre Of Florida Inc:
Data Sources and Methodology
This transparency report for Phap Vu Buddhist Cultural Centre Of Florida 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.