Nanda Thitsar Theravada Buddhism and Meditation Center

Overview

Mission

Promote and teach Theravada Buddhism and meditation practices and methods.

What it reported doing in 2023

Promote and teach Theravada Buddhism and meditation practices and methods through the following:1. Weekly meditation classes2. Arrange speaking engagements around the US3. Provide Buddhism classes

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 88% of its reported program work directly.

Nonprofit profile at a glance

EIN
261246811
IRS 990 coverage
2018–2023
Forms available
Form 990 2023, Form 990-N 2016
Headquarters
Brooklyn, NY, USA
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Religion Related
Affiliation
Buddhism

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 100
  • Accountability: 0
  • Sustainability: 64
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.4%; rating input score 50
  • Program expense ratio: 93%; rating input score 93
  • 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: 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: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 0 of 7 controls in place; rating input score 0
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: 45.8%; rating input score 87; 87th percentile among comparable filings
  • Operating reserve ratio: 1.45; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -60.8% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -58.4% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -13% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 50.4% of revenue deployed · 93% of spending went to programs
  • Governance: 0 of 1 board members independent · 0 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $20K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 annual filings from 2018 to 2023
  • 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.