Hwazan Buddhist Foundation
Overview
Mission
Promotion Buddhist by TV Program Promotion Meditation and Buddhist Moral Value & Education
What it reported doing in 2024
T. V. Program reach general public 24 hours a day to promote Buddhist
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 020660127
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Headquarters
- Mercer Island, WA, USA
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Religion Related N.E.C.
- Affiliation
- Buddhism
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing reports that some governance safeguards are missing.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 100
- Accountability: 35
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.7%; rating input score 76
- Program expense ratio: 95.4%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- 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: 40%; rating input score 40; 10th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 20.7%; rating input score 77; 77th percentile among comparable filings
- Operating reserve ratio: 2.3; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 2% per year; rating input score 100; 26th percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 23.7% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 75.7% of revenue deployed · 95.4% of spending went to programs
- Governance: 2 of 5 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 15 annual filings from 2010 to 2024
- 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.