Phat An Buddhist Association
EIN: 753066481 · Wichita, KS · NTEE: X50
| Metric | Value |
|---|---|
| Total Revenue | $17K |
| Total Expenses | $50K |
| Net Assets | $309K |
Is Phat An 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 Phat An Buddhist Association
Phat An Buddhist Association (EIN: 753066481) is a nonprofit organization based in Wichita, KS, classified under NTEE code X50. The organization reported total revenue of $17K and total assets of $296K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phat An Buddhist Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phat An Buddhist Association is a micro nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $50K |
| Surplus / Deficit | $-34,401 |
| Total Assets | $309K |
| Net Assets | $309K |
| Operating Margin | -224.2% |
| Months of Reserves | 74.5 months |
Financial Health Grade: B
In 2023, Phat An Buddhist Association reported a deficit of $34K with expenses exceeding revenue, holds 74.5 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Phat An Buddhist Association's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.4% | -17.8% | -10.0% |
| 2022 | -80.2% | +52.4% | -11.3% |
| 2021 | +23.9% | +50.6% | +13.4% |
| 2020 | -30.3% | -70.4% | +14.3% |
| 2019 | -41.8% | -42.8% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Phat An 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 Phat An 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 $34K, with expenses exceeding revenue.
Frequently Asked Questions about Phat An Buddhist Association
Is Phat An Buddhist Association a legitimate charity?
Phat An Buddhist Association (EIN: 753066481) is a registered tax-exempt nonprofit based in Kansas. It has 12 years of IRS 990 filings on record. Total revenue: $17K. No red flags identified. Financial health grade: B.
How does Phat An Buddhist Association spend its money?
Phat An Buddhist Association reported $17K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Phat An Buddhist Association tax-deductible?
Phat An Buddhist Association is registered as a tax-exempt nonprofit (EIN: 753066481). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Phat An Buddhist Association located?
Phat An Buddhist Association is headquartered in Wichita, Kansas and files with the IRS under EIN 753066481. It is classified under NTEE code X50.
How many years of IRS 990 filings does Phat An Buddhist Association have?
Phat An Buddhist Association has 12 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 $17K in total revenue.
Filing History
IRS 990 filing history for Phat An Buddhist Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Phat An Buddhist Association's revenue has declined by 46.3%, moving from $29K to $15K. Total functional expenses rose by 172.4%, from $18K to $50K. In its most recent filing year (2023), Phat An Buddhist Association reported a deficit of $34K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $50K | $309K | $0 | — | — |
| 2022 | $17K | $61K | $343K | $0 | — | — |
| 2021 | $86K | $40K | $387K | $0 | — | — |
| 2020 | $69K | $26K | $341K | $0 | — | — |
| 2019 | $99K | $89K | $298K | $0 | — | View 990 |
| 2018 | $170K | $156K | $288K | $0 | — | View 990 |
| 2017 | $384K | $394K | $274K | $0 | — | View 990 |
| 2016 | $298K | $351K | $132K | $0 | — | View 990 |
| 2015 | $132K | $46K | $185K | $0 | — | View 990 |
| 2014 | $95K | $27K | $99K | $0 | — | View 990 |
| 2013 | $56K | $9K | $66K | $0 | — | View 990 |
| 2012 | $29K | $18K | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15K, expenses of $50K, and assets of $309K (revenue -9.4% year-over-year).
- 2022: Revenue of $17K, expenses of $61K, and assets of $343K (revenue -80.2% year-over-year).
- 2021: Revenue of $86K, expenses of $40K, and assets of $387K (revenue +23.9% year-over-year).
- 2020: Revenue of $69K, expenses of $26K, and assets of $341K (revenue -30.3% year-over-year).
- 2019: Revenue of $99K, expenses of $89K, and assets of $298K (revenue -41.8% year-over-year).
- 2018: Revenue of $170K, expenses of $156K, and assets of $288K (revenue -55.7% year-over-year).
- 2017: Revenue of $384K, expenses of $394K, and assets of $274K (revenue +28.7% year-over-year).
- 2016: Revenue of $298K, expenses of $351K, and assets of $132K (revenue +125.3% year-over-year).
- 2015: Revenue of $132K, expenses of $46K, and assets of $185K (revenue +39.4% year-over-year).
- 2014: Revenue of $95K, expenses of $27K, and assets of $99K (revenue +68.1% year-over-year).
- 2013: Revenue of $56K, expenses of $9K, and assets of $66K (revenue +97.6% year-over-year).
- 2012: Revenue of $29K, expenses of $18K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phat An Buddhist Association:
Data Sources and Methodology
This transparency report for Phat An 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.