Vipassana Meditation Society Inc
Overview
Mission
Promote buddhist doctrine
What it reported doing in 2024
Weekly meditation sessions to provide instructions to practice mindfulness, ethical living, and compassion to individual of all ages in community
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
Nonprofit profile at a glance
- EIN
- 824637212
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- Jefferson, GA, USA
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Buddhism
- Affiliation
- Buddhism
Reported finances
- Revenue
- $28,730
- Expenses
- $12,347
- Assets
- $427,056
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 82
- Sustainability: 79
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43%; rating input score 43
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 57%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 34.59; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.5% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 32.4% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 2.4% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 43% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $12K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 annual filings from 2021 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
Leadership & pay
3 people listed
People named in this filing
- PHUONG MI NGUYEN (CFO)
- DUNG VAN LE (CEO)
- THUY QUANG (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024.