Wong Tai-sen Center
Overview
Mission
The organization is to promote the spirit of the chinese culture through wisdom to provide and opportunity for everyone to learn to be good.
What it reported doing in 2024
The organization welcomes people from all over to pray for good luck, health & happiness in many of their event activities
Operating model
- Revenue model
- Donor-supported. 99% 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
- 465496267
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Headquarters
- Monterey Park, CA, USA
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Buddhism
- Affiliation
- Buddhism
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. 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: 29
- Transparency & Controls: 100
- Accountability: 0
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 29.5%; rating input score 29
- Program expense ratio: 30.2%; rating input score 30
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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; 7th percentile among comparable filings
- Governance controls: 0 of 9 controls in place; rating input score 0
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 5.8%; rating input score 52; 52nd percentile among comparable filings
- Operating reserve ratio: 0.49; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 14%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 5.1% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 14.1% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 29.6% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 29.5% of revenue deployed · 30.2% of spending went to programs
- Governance: 0 of 4 board members independent · 0 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $89K in reported program spending
- Leadership: top reported pay $32K · 4 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 annual filings from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- 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.