Bul Kwang Sa Inc
Overview
Mission
The purpose of the corporation is to promote, foster, and advance awarencess of korean history and buddhism in the greater New York area; to promote and disseminate information on buddhist philosophy and vales to the korean american communities as well as to the general public to facilitate tolerance and understanding among different cultures; to organize and host various parental and personal developmental activites and programs to support korean immigrant parents to better understand the second generation korean americans who are native to the american culture as well as to facilitate effective adaptation to the american way of living; to organize and maintain various cultural, social and recreational programs incuding traditaional art, music, calligraphy, animation, and sports activities to further its corporate purposes.
Operating model
- Revenue model
- Membership-supported. 99% of the money available for current operations came from membership dues.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
Nonprofit profile at a glance
- EIN
- 133878147
- IRS 990 coverage
- 2020–2025
- Forms available
- Form 990 2025
- Headquarters
- Tappan, NY, USA
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Buddhism
- Affiliation
- Buddhism
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 91
- Accountability: 64
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 16th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -2.7%; rating input score 28; 28th percentile among comparable filings
- Operating reserve ratio: 4.86; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.8% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 1.9% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 8 of 8 board members independent · 1 of 7 filing controls reported
- Programs: Filed program service accomplishments
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 21 of 22 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 6 annual filings from 2020 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.