Buddha Bless Temple Inc

Overview

Mission

Buddhist temple - carries out its mission of educating buddhist principles and practices not only to its members but also to public at large in louisville, ky area.

What it reported doing in 2023

1. 52 weekly prayers for buddhist members and public at the monastery2. 4 three-day quarterlyly buddhist faith studies3. 3 big public celerations of buddha birthday (memorial day), parents apprication day (labor day), vietnamese new year (mid-february)4. Provide free blessing ceremonies for buddhist resident and business in louisville area with lion dance.5. 365 daily meditations and prayers to volunteers and clergy members at the monastery6. Sponsored, sheltered, transportation, and provided all necessity living expenses for one buddhist monk to carry out buddhist mission as stated in monastery mission statement. ( all clergies take the vow of poverty so there is no seperated allocation of expenses for clergies but there is 25% of all service expenses are for this purpose.)

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The nonprofit carried out 100% of its reported program work directly.

Nonprofit profile at a glance

EIN
331149412
IRS 990 coverage
2016–2023
Forms available
Form 990 2023
Headquarters
Louisville, KY, USA
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Buddhism
Affiliation
Buddhism

The verdict

SUPPORTED - 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: 42
  • Transparency & Controls: 100
  • Accountability: 70
  • Sustainability: 70
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 37.2%; rating input score 37
  • Program expense ratio: 50.2%; rating input score 50
  • 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: 100%; rating input score 100; 64th 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: 25.9%; rating input score 78; 78th percentile among comparable filings
  • Operating reserve ratio: 20.45; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 15% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: -13.7% per year; rating input score 0; 28th percentile among comparable filings
  • Asset growth: 11.1% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 37.2% of revenue deployed · 50.2% of spending went to programs
  • Governance: 2 of 2 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $31K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 annual filings from 2016 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.