Vietnamese Buddhist Association Of Omaha
Vietnamese Buddhist Association Of Omaha consistently operates with no officer compensation and growing assets.
EIN: 205840555 · Omaha, NE · NTEE: X50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $38K |
| Total Expenses | $13K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $31,337. |
| Net Assets | $212K |
| Transparency Score | 95/100 |
Is Vietnamese Buddhist Association Of Omaha Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vietnamese Buddhist Association Of Omaha directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vietnamese Buddhist Association Of Omaha
Vietnamese Buddhist Association Of Omaha (EIN: 205840555) is a nonprofit organization based in Omaha, NE, classified under NTEE code X50. The organization reported total revenue of $38K and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vietnamese Buddhist Association Of Omaha's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vietnamese Buddhist Association Of Omaha is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $13K |
| Surplus / Deficit | +$18K |
| Total Assets | $212K |
| Net Assets | $212K |
| Operating Margin | 57.6% |
| Months of Reserves | 191.5 months |
Financial Health Grade: A
In 2023, Vietnamese Buddhist Association Of Omaha reported a surplus of $18K with revenue exceeding expenses, holds 191.5 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2013–2023), Vietnamese Buddhist Association Of Omaha's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.1% | -32.3% | +9.3% |
| 2022 | +74.9% | +8.6% | +14.1% |
| 2021 | -26.8% | -52.5% | +4.2% |
| 2020 | +37.0% | +78.2% | -2.4% |
| 2019 | -28.5% | +96.6% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2007 |
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 Vietnamese Buddhist Association Of Omaha with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Vietnamese Buddhist Association Of Omaha allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $18K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through non-reportable means, which is highly favorable for a nonprofit of its size with latest revenue of $31,337.
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 Vietnamese Buddhist Association Of Omaha:
- Consistent 0% officer compensation, indicating high efficiency and volunteer leadership.
- Steady asset growth from $111,214 in 2015 to $212,003 in 2023, demonstrating financial stability.
- No reported liabilities across all available filings, suggesting excellent fiscal health.
- Expenses consistently well below revenue in most years, allowing for asset accumulation.
- Strong transparency with a clear history of IRS 990 filings.
Frequently Asked Questions about Vietnamese Buddhist Association Of Omaha
Is Vietnamese Buddhist Association Of Omaha a legitimate charity?
Based on AI analysis of IRS 990 filings, Vietnamese Buddhist Association Of Omaha (EIN: 205840555) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Vietnamese Buddhist Association Of Omaha spend its money?
Vietnamese Buddhist Association Of Omaha directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vietnamese Buddhist Association Of Omaha tax-deductible?
Vietnamese Buddhist Association Of Omaha is registered as a tax-exempt nonprofit (EIN: 205840555). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Vietnamese Buddhist Association Of Omaha CEO make?
Vietnamese Buddhist Association Of Omaha's highest-compensated officer earns $31,337. annually. The organization reported $38K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Vietnamese Buddhist Association Of Omaha compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Vietnamese Buddhist Association Of Omaha 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 Vietnamese Buddhist Association Of Omaha located?
Vietnamese Buddhist Association Of Omaha is headquartered in Omaha, Nebraska and files with the IRS under EIN 205840555. It is classified under NTEE code X50.
How many years of IRS 990 filings does Vietnamese Buddhist Association Of Omaha have?
Vietnamese Buddhist Association Of Omaha has 10 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 $38K in total revenue.
Is Vietnamese Buddhist Association Of Omaha a good charity?
Based on its financial data, the Vietnamese Buddhist Association Of Omaha appears to be a very good charity. It consistently reports 0% officer compensation, has no liabilities, and has shown steady asset growth from $111,214 in 2015 to $212,003 in 2023, indicating strong financial health and efficient use of donations.
How does the organization manage its expenses?
The organization manages its expenses very efficiently. For example, in 2023, it had expenses of $13,286 against revenue of $31,337, demonstrating that it spends less than it earns. The consistent lack of officer compensation also points to a lean operational model.
What is the trend in the organization's assets?
The organization shows a strong positive trend in its assets, growing from $111,214 in 2015 to $212,003 in 2023. This indicates effective financial management and an increasing capacity to support its mission.
Filing History
IRS 990 filing history for Vietnamese Buddhist Association Of Omaha showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2023), Vietnamese Buddhist Association Of Omaha's revenue has grown by 18.7%, moving from $26K to $31K. Total functional expenses fell by 23.6%, from $17K to $13K. In its most recent filing year (2023), Vietnamese Buddhist Association Of Omaha reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31K | $13K | $212K | $0 | — | View 990 |
| 2022 | $44K | $20K | $194K | $0 | — | View 990 |
| 2021 | $25K | $18K | $170K | $0 | — | — |
| 2020 | $34K | $38K | $163K | $0 | — | — |
| 2019 | $25K | $21K | $167K | $0 | — | View 990 |
| 2018 | $35K | $11K | $164K | $0 | — | View 990 |
| 2017 | $24K | $6K | $140K | $0 | — | — |
| 2016 | $25K | $14K | $122K | $0 | — | View 990 |
| 2015 | $19K | $19K | $111K | $0 | — | View 990 |
| 2013 | $26K | $17K | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31K, expenses of $13K, and assets of $212K (revenue -28.1% year-over-year).
- 2022: Revenue of $44K, expenses of $20K, and assets of $194K (revenue +74.9% year-over-year).
- 2021: Revenue of $25K, expenses of $18K, and assets of $170K (revenue -26.8% year-over-year).
- 2020: Revenue of $34K, expenses of $38K, and assets of $163K (revenue +37.0% year-over-year).
- 2019: Revenue of $25K, expenses of $21K, and assets of $167K (revenue -28.5% year-over-year).
- 2018: Revenue of $35K, expenses of $11K, and assets of $164K (revenue +47.7% year-over-year).
- 2017: Revenue of $24K, expenses of $6K, and assets of $140K (revenue -5.0% year-over-year).
- 2016: Revenue of $25K, expenses of $14K, and assets of $122K (revenue +31.5% year-over-year).
- 2015: Revenue of $19K, expenses of $19K, and assets of $111K (revenue -28.7% year-over-year).
- 2013: Revenue of $26K, expenses of $17K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vietnamese Buddhist Association Of Omaha:
Data Sources and Methodology
This transparency report for Vietnamese Buddhist Association Of Omaha 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.