Vietnamese Buddhist Meditation Congregation
EIN: 261542751 · Renton, WA · NTEE: X50
| Metric | Value |
|---|---|
| Total Revenue | $180K |
| Total Expenses | $185K |
| Net Assets | $358K |
Is Vietnamese Buddhist Meditation Congregation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vietnamese Buddhist Meditation Congregation
Vietnamese Buddhist Meditation Congregation (EIN: 261542751) is a nonprofit organization based in Renton, WA, classified under NTEE code X50. The organization reported total revenue of $180K and total assets of $359K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vietnamese Buddhist Meditation Congregation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vietnamese Buddhist Meditation Congregation is a small nonprofit that has been operating for 18 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -22.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $185K |
| Surplus / Deficit | $-37,994 |
| Total Assets | $358K |
| Net Assets | $358K |
| Operating Margin | -25.8% |
| Months of Reserves | 23.2 months |
Financial Health Grade: B
In 2023, Vietnamese Buddhist Meditation Congregation reported a deficit of $38K with expenses exceeding revenue, holds 23.2 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Vietnamese Buddhist Meditation Congregation's revenue has declined at a compound annual growth rate (CAGR) of -22.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.8% | -12.2% | -9.6% |
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 Vietnamese Buddhist Meditation Congregation 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 Vietnamese Buddhist Meditation Congregation 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 $38K, with expenses exceeding revenue.
Frequently Asked Questions about Vietnamese Buddhist Meditation Congregation
Is Vietnamese Buddhist Meditation Congregation a legitimate charity?
Based on AI analysis of IRS 990 filings, Vietnamese Buddhist Meditation Congregation (EIN: 261542751) insufficient data. 0 red flags identified, 0 strengths noted.
How does Vietnamese Buddhist Meditation Congregation spend its money?
Detailed spending breakdown data is not yet available for Vietnamese Buddhist Meditation Congregation. Check back for updated IRS 990 analysis.
Are donations to Vietnamese Buddhist Meditation Congregation tax-deductible?
Vietnamese Buddhist Meditation Congregation is registered as a tax-exempt nonprofit (EIN: 261542751). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vietnamese Buddhist Meditation Congregation located?
Vietnamese Buddhist Meditation Congregation is headquartered in Renton, Washington and files with the IRS under EIN 261542751. It is classified under NTEE code X50.
How many years of IRS 990 filings does Vietnamese Buddhist Meditation Congregation have?
Vietnamese Buddhist Meditation Congregation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $180K in total revenue.
Filing History
IRS 990 filing history for Vietnamese Buddhist Meditation Congregation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Vietnamese Buddhist Meditation Congregation's revenue has declined by 22.8%, moving from $191K to $147K. Total assets decreased by 9.6% over the same period, from $396K to $358K. Total functional expenses fell by 12.2%, from $211K to $185K. In its most recent filing year (2023), Vietnamese Buddhist Meditation Congregation reported a deficit of $38K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $147K | $185K | $358K | $0 | — | — |
| 2022 | $191K | $211K | $396K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vietnamese Buddhist Meditation Congregation:
Data Sources and Methodology
This transparency report for Vietnamese Buddhist Meditation Congregation 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.