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Nonprofit · EIN 23-7288896

WON BUDDHISM OF AMERICA INC

Tax-exempt · LOS ANGELES, CA 90020

Financials

$181K$293K2023$171K$189K2024
Revenue Expenses · by fiscal year end
Financials of WON BUDDHISM OF AMERICA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$171,071$189,205-$18,134$1,037,794$116,394$921,400
December 31, 2023990$181,050$293,177-$112,127$1,050,874$143,616$907,258
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$171,071
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,000
Compensation of officers, directors and key employees
$25,998
Salaries, compensation and benefits (total)
$25,998
Professional fundraising fees
$0
Depreciation
$33,749
Program services (functional)
$189,205

Balance sheet and other

Total assets, start of year
$1,050,874
Total assets, end of year
$1,037,794
Total liabilities, end of year
$116,394
Net assets, end of year
$921,400
Land, buildings and equipment
$924,917
Net assets without donor restrictions
$921,400
Gross receipts
$171,071
Employees
3
Year formed
1976
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DEOKWON YANGGYOMU
Key employee
40$12,000
DONGGUN HWANGGYOMU
Key employee
40$9,000
YEOJU CHOGYOMU
Key employee
40$3,000
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
DONGGUN HWANGSECRETARY
Officer
40$12,000
HEEJUNG YUNCFO
Officer
40$6,000
GRACE YANGCEO
Officer
40$0

Address and contacts

Address (IRS master file)
401 SHATTO PL STE 200, LOS ANGELES, CA 90020-1752
Principal officer (990 for 2024)
GRACE YANG, 401 SHATTO PL UNIT 200, Los Angeles, CA 90020
Signed the 990
GRACE YANG, CEO
Phone
(213) 381-1261
Return prepared by
KORUS TAX & ACCOUNTING SERVICE

California records

California keeps its own records of charities and corporations. Search them by EIN 23-7288896 or by the name WON BUDDHISM OF AMERICA INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

PROMOTION OF WON BUDDHISM

990 for the year ended December 31, 2024

Program accomplishments

  • HELD WEEKLY WORSHIP SERVICES AND TAUGHT WON BUDDHISM PRINCIPLES TO GENERAL PUBLIC AND BELIEVERS. VISITED NEIGHBORS IN LOCAL COMMUNITY TO HELP AND SUPPORT. HELD ACTIVITIES AND EVENTS TARGETED DIFFERENT AGE GROUPS IN TEMPLE AS WELL AS LOCAL COMMUNITIES.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7288896
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Church
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1973
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,037,794
Income (IRS master file)
$171,071

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$171,071$189,205$1,037,794XML
990December 2023$181,050$293,177$1,050,874XML
990December 2022$164,758$195,384$1,070,793IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7288896).

Questions about WON BUDDHISM OF AMERICA INC

What is the EIN of WON BUDDHISM OF AMERICA INC?
The employer identification number (EIN) of WON BUDDHISM OF AMERICA INC is 23-7288896.
Is WON BUDDHISM OF AMERICA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
Are donations to WON BUDDHISM OF AMERICA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WON BUDDHISM OF AMERICA INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WON BUDDHISM OF AMERICA INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WON BUDDHISM OF AMERICA INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WON BUDDHISM OF AMERICA INC?
The 990 for the year ended December 31, 2024 names GRACE YANG.
Who are the officers and directors of WON BUDDHISM OF AMERICA INC?
The 990 for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $12,000 (DEOKWON YANG, GYOMU).
How much revenue does WON BUDDHISM OF AMERICA INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $171,071, expenses of $189,205 and total assets of $1,037,794 at year end.

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