Fa Yuan INC

Tax-deductible

Middletown, NY501(c)(3)ReligionEIN 88-1775223

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The corporation is formed to provide, promote, and advance the Falun Dafa spiritual discipline through the publication and distribution of scriptures and instructional materials, to solicit donations, and to globally partner with other organizations sharing these same purposes.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $293K a year · 70% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6K
to officers and key staff · 2% of spending
Top officer’s pay lower than 96% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 19.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$569K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$393K
-48% vs prior year
Spent
$348K
To programs
77%
Net assets
$879K
By yearFY2022–FY2024
Revenue
$393K
FY2024▼ -48%
Revenue by fiscal year
FY2022$117K
FY2023$754K
FY2024$393K
Expenses
$348K
FY2024▲ ×12
Expenses by fiscal year
FY2022$7K
FY2023$29K
FY2024$348K
Net assets
$879K
FY2024▲ +5%
Net assets by fiscal year
FY2022$110K
FY2023$834K
FY2024$879K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $268K Management & general 23% · $80K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $6K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$6,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Zhan Liu’s $6K as President is at the 4th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes Falun Dafa through publishing scriptures, distributing materials, and partnering globally.

Provided by the organization

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1 program · $268K · in their own filed words · FY2024
01

The organization is formed to provide, promote, and advance the Falun Dafa spiritual discipline through the publication and distribution of scriptures and instructional materials, to solicit donations, to globally partner with other organizations sharing these same purposes.

$268Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$393K
Ln 12
Gifts and grantsLn 1h$200K
Other incomeLn 4–11$169K
Fees for servicesLn 2g$15K
Money outPt IX
$348K
Ln 25
Programscol B$268K
Managementcol C$80K
Owns and owesPt X
$879K
net assets · Ln 32
Cash and savingsLn 1–2$579K
Total assetsLn 16$1.4M
LiabilitiesLn 26$569K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$200K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$15K
Investment incomeLn 3$9K
Other incomeLn 4–11$169K
Total revenueLn 12$393K
Assets in detailPt X, end of year
CashLn 1$579K
Cash and savings togetherLn 1–2$579K
Land, buildings, equipmentLn 10c$488K
Total assetsLn 16$1.4M
LiabilitiesLn 26$569K
Net assetsLn 32$879K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$192K$579K
Land, buildings, equipmentLn 10c$488K$488K
Total assetsLn 16$1.2M$1.4M
LiabilitiesLn 26$409K$569K
Net assetsLn 32$834K$879K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$6K$6K
Other salaries and wagesLn 7$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$12K$12K
Office expensesLn 13$8K$8K
OccupancyLn 16$45K$45K
TravelLn 17$153$153
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$269K$268K$378$0
Total functional expensesLn 25$348K$268K$80K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $393K$348K$45K$879K 990 PDF
FY2023 $754K$29K$725K$834K 990 PDF
FY2022 $117K$7K$110K$110K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $393,005 across 12 lines filed
Lines not itemized here account for $168,953 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$199,685
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$199,685
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,210 · Unrelated business $0 · Excluded from tax $0$15,210
VIII-3 Investment incomeRelated to mission $9,157 · Unrelated business $0 · Excluded from tax $0$9,157
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $193,320 · Unrelated business $0 · Excluded from tax $0$393,005
Part IX · Statement of functional expenses $348,098 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $6,000$6,000
IX-7 Other salaries and wages$0
IX-11b Legal feesManagement $3,117$3,117
IX-11c Accounting feesManagement $1,350$1,350
IX-11g Other fees for servicesManagement $12,100$12,100
IX-13 Office expensesManagement $8,145$8,145
IX-16 OccupancyManagement $44,734$44,734
IX-17 TravelManagement $153$153
IX-19 Conferences, conventions and meetingsManagement $1,900$1,900
IX-23 InsuranceManagement $1,727$1,727
IX-24 Other expenses (24a–d)Programs $268,494 · Management $378 · Fundraising $0$268,872
IX-25 Total functional expensesPrograms $268,494 · Management $79,604 · Fundraising $0$348,098
Part X · Balance sheet $1,448,196 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $192,175$578,539
X-4 Accounts receivableStart of year $28,879$1,489
X-8 Inventories for sale or useStart of year $234,808$380,168
X-10c Land, buildings and equipment, netStart of year $488,000$488,000
X-16 Total assetsStart of year $1,243,862$1,448,196
X-17 Accounts payable and accrued expensesStart of year $258,975$317,352
X-24 Unsecured notes and loans payableStart of year $150,000$250,000
X-25 Other liabilitiesStart of year $398$1,449
X-26 Total liabilitiesStart of year $409,373$568,801
X-32 Total net assets or fund balancesStart of year $834,489$879,395
X-33 Total liabilities and net assetsStart of year $1,243,862$1,448,196
Part XI · Reconciliation of net assets $879,395 net assets at year end
XI-1 Total revenue$393,005
XI-2 Total expenses$348,098
XI-3 Revenue less expenses$44,907
XI-4 Net assets at start of year$834,489
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$879,395

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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