Overview
What is Institute Of Chung Hwa Buddhist Culture?
The Institute of Chung Hwa Buddhist Culture, situated in Elmhurst, New York, operates as a religious institution. Its primary focus is on Chan Meditation Center, a personal counseling or social service organization that serves its community. The organization's mission is centered around religious practices and beliefs. While specific programs or services offered by the Institute are not explicitly mentioned, it can be inferred that they likely involve spiritual guidance and meditation sessions, given the center's name and mission statement.
What are the reviews and ratings of this charity?
Charity Navigator rating: 32%, Zero-Star out of Four Star rating.
The Institute of Chung Hwa Buddhist Culture has received a low overall score of 32%, reflecting significant concerns in its financial management and efficiency. Although it demonstrates strong governance with a fully independent board and proper documentation practices, its financial performance metrics are lacking. The organization has a notably low program expense ratio, with only 9.66% of its funds directed towards program activities, raising questions about the impact of its operations.
Further analysis reveals a concerning liability to assets ratio of 0.03%, indicating potential financial instability. Additionally, the fundraising efficiency ratio is at $0.00, implying that fundraising efforts may not be effectively generating income. While the organization maintains a long working capital ratio of 53.94 years, this could suggest an over-reliance on existing funds without sufficient reinvestment into programmatic activities.
Overall, while the Institute of Chung Hwa Buddhist Culture boasts a strong governance structure, its financial weaknesses highlight a need for improvement in resource allocation towards its mission and enhanced fundraising capabilities to ensure sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Institute Of Chung Hwa Buddhist Culture legitimate?
Institute Of Chung Hwa Buddhist Culture is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of Chung Hwa Buddhist Culture submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,900
For more financial information, click here
What is the mission statement of Institute Of Chung Hwa Buddhist Culture?
The Institute of Chung Hwa Buddhist Culture operates with a mission focused on religious matters. Specifically, the Chan Meditation Center, a part of this institution, serves as a platform for personal counseling or social services, with its mission centered around religious activities. The exact objectives or goals of this religious institution are not provided in the given information.
Who is the CEO of Institute Of Chung Hwa Buddhist Culture?
Guo Dong Fa Shi is the President, Board Member of Institute Of Chung Hwa Buddhist Culture.
What is the revenue of Institute Of Chung Hwa Buddhist Culture?
Institute Of Chung Hwa Buddhist Culture's revenue in 2022 was $2,197,674.
Who are the executives of Institute Of Chung Hwa Buddhist Culture and what are their salaries?
The average compensation at Institute Of Chung Hwa Buddhist Culture during 2022 was $1,050. There are 6 employees and 25 volunteers at Institute Of Chung Hwa Buddhist Culture.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Institute Of Chung Hwa Buddhist Culture?
Institute Of Chung Hwa Buddhist Culture's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Institute Of Chung Hwa Buddhist Culture
The Institute of Chung Hwa Buddhist Culture, as a religious institution, operates with a mission centered around Chan Meditation. This mission extends to Chan Meditation Center, a personal counseling or social service organization situated in Elmhurst, NY. At its core, the Institute's mission is to uphold the principles and practices of Buddhism, focusing on Chan Meditation in particular. This mission serves as a beacon for individuals seeking spiritual guidance or solace, providing them with an environment that fosters personal growth and spiritual enlightenment through the practice of Chan Meditation.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Institute of Chung Hwa Buddhist Culture, specifically the Chan Meditation Center located in Elmhurst, NY, has a significant impact on its community and beyond. Through its focus on meditation and Buddhist teachings, the center provides valuable resources for personal growth, mental well-being, and spiritual development. By offering classes, workshops, and guidance on meditation practices, the center helps individuals cultivate mindfulness, inner peace, and a sense of connection to something greater than themselves. Additionally, the center's emphasis on compassion, wisdom, and harmony contributes to creating a more compassionate and understanding society. Overall, the Institute of Chung Hwa Buddhist Culture plays a crucial role in promoting spiritual values and enhancing the overall well-being of individuals in the community.
This information is meant to be a general summary of Institute Of Chung Hwa Buddhist Culture. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $88,735
- Gross Receipts: $2,197,674
Assets and Liabilities:
- Total Assets: $23,134,474
- Total Liabilities: $9,500
- Net Assets: $23,124,974
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1979
Phone
(718) 592-6593Principal Officer
Guo Dong Fa Shi
Main Address
90-56 CORONA AVE, ELMHURST, NY, 11373
NTEE Category
Code: P54Z - Human services
If you are a representative of Institute Of Chung Hwa Buddhist Culture and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.