Quang Duc Buddhist Center
EIN: 262341001 · Houston, TX · NTEE: X50
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $217K |
| Net Assets | $2.2M |
Is Quang Duc Buddhist Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Quang Duc Buddhist Center
Quang Duc Buddhist Center (EIN: 262341001) is a nonprofit organization based in Houston, TX, classified under NTEE code X50. The organization reported total revenue of $1.1M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quang Duc Buddhist Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quang Duc Buddhist Center is a mid-size nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $322K |
| Total Expenses | $217K |
| Surplus / Deficit | +$105K |
| Total Assets | $2.3M |
| Total Liabilities | $86K |
| Net Assets | $2.2M |
| Operating Margin | 32.6% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 127.8 months |
Financial Health Grade: A
In 2023, Quang Duc Buddhist Center reported a surplus of $105K with revenue exceeding expenses, holds 127.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Quang Duc Buddhist Center's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.0% | +62.0% | -6.4% |
| 2022 | +72.9% | +69.2% | +24.3% |
| 2021 | +98.0% | -67.7% | +33.6% |
| 2020 | -75.2% | +32.5% | -5.6% |
| 2019 | +84.8% | +76.9% | +156.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Quang Duc Buddhist Center 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 Quang Duc Buddhist Center 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 surplus of $105K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Frequently Asked Questions about Quang Duc Buddhist Center
Is Quang Duc Buddhist Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Quang Duc Buddhist Center (EIN: 262341001) insufficient data. 0 red flags identified, 0 strengths noted.
How does Quang Duc Buddhist Center spend its money?
Detailed spending breakdown data is not yet available for Quang Duc Buddhist Center. Check back for updated IRS 990 analysis.
Are donations to Quang Duc Buddhist Center tax-deductible?
Quang Duc Buddhist Center is registered as a tax-exempt nonprofit (EIN: 262341001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Quang Duc Buddhist Center located?
Quang Duc Buddhist Center is headquartered in Houston, Texas and files with the IRS under EIN 262341001. It is classified under NTEE code X50.
How many years of IRS 990 filings does Quang Duc Buddhist Center have?
Quang Duc Buddhist Center has 9 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Quang Duc Buddhist Center showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Quang Duc Buddhist Center's revenue has grown by 133.3%, moving from $138K to $322K. Total assets increased by 315.4% over the same period, from $557K to $2.3M. Total functional expenses rose by 109.8%, from $103K to $217K. In its most recent filing year (2023), Quang Duc Buddhist Center reported a surplus of $105K, with revenue exceeding expenses. The organization holds $86K in liabilities against $2.3M in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $322K | $217K | $2.3M | $86K | — | — |
| 2022 | $537K | $134K | $2.5M | $350K | — | View 990 |
| 2021 | $310K | $79K | $2.0M | $269K | — | View 990 |
| 2020 | $157K | $245K | $1.5M | $0 | — | View 990 |
| 2019 | $633K | $185K | $1.6M | $0 | — | View 990 |
| 2018 | $343K | $104K | $613K | $0 | — | View 990 |
| 2017 | $247K | $204K | $672K | $0 | — | View 990 |
| 2016 | $156K | $85K | $628K | $0 | — | View 990 |
| 2015 | $138K | $103K | $557K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $322K, expenses of $217K, and assets of $2.3M (revenue -40.0% year-over-year).
- 2022: Revenue of $537K, expenses of $134K, and assets of $2.5M (revenue +72.9% year-over-year).
- 2021: Revenue of $310K, expenses of $79K, and assets of $2.0M (revenue +98.0% year-over-year).
- 2020: Revenue of $157K, expenses of $245K, and assets of $1.5M (revenue -75.2% year-over-year).
- 2019: Revenue of $633K, expenses of $185K, and assets of $1.6M (revenue +84.8% year-over-year).
- 2018: Revenue of $343K, expenses of $104K, and assets of $613K (revenue +38.5% year-over-year).
- 2017: Revenue of $247K, expenses of $204K, and assets of $672K (revenue +58.1% year-over-year).
- 2016: Revenue of $156K, expenses of $85K, and assets of $628K (revenue +13.3% year-over-year).
- 2015: Revenue of $138K, expenses of $103K, and assets of $557K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quang Duc Buddhist Center:
Data Sources and Methodology
This transparency report for Quang Duc Buddhist Center 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.