Padma Raja Society
Overview
Mission
This organization dedicates to provide opportunities for practice and instruction of the buddha dharma in the tibetan buddhist tradition by establishing and maintaining a buddhist center for teachings, practices, retreats and other smiliar activities
What it reported doing in 2024
Cultural exchanges, creative workshops, yoga practices, and dharma discussions.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 823709741
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2021
- Headquarters
- Poulsbo, WA, USA
- Rating
- 62
- 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 the filing reports that some governance safeguards are missing.
Rating breakdown
- Financial Efficiency: 23
- Transparency & Controls: 100
- Accountability: 64
- Sustainability: 97
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 1.7%; rating input score 2
- Program expense ratio: 59.2%; rating input score 59
- 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: 1 of 7 controls in place; rating input score 14
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 97.1%; rating input score 99; 99th percentile among comparable filings
- Operating reserve ratio: 34.6; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 92; 92nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 139.4% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 138.8% per year; rating input score 100; 100th percentile among comparable filings
Details
- Where the money goes: 1.7% of revenue deployed · 59.2% of spending went to programs
- Governance: 3 of 3 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $36K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 3 filed schedules
- 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.