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Nonprofit · EIN 88-1775223

FA YUAN INC

Tax-exempt · MIDDLETOWN, NY 10940

Financials

$754K$29K2023$393K$348K2024
Revenue Expenses · by fiscal year end
Financials of FA YUAN INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$393,005$348,098$44,907$1,448,196$568,801$879,395
December 31, 2023990$753,787$29,275$724,512$1,243,862$409,373$834,489
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$199,685
Program service revenue
$15,210
Investment income
$9,157
Net income from sales of inventory
$168,953
Other revenue
$168,953

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$6,000
Salaries, compensation and benefits (total)
$6,000
Professional fundraising fees
$0
Legal fees
$3,117
Accounting fees
$1,350
Occupancy
$44,734
Travel
$153
Program services (functional)
$268,494
Management and general (functional)
$79,604

Balance sheet and other

Total assets, start of year
$1,243,862
Total assets, end of year
$1,448,196
Total liabilities, end of year
$568,801
Net assets, end of year
$879,395
Land, buildings and equipment
$488,000
Gross receipts
$505,545
Employees
0
Volunteers
15
Year formed
2022
State of legal domicile
NY

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
Zhan LiuPresident
Trustee or director, Officer
40$6,000
Alan AdlerDirector
Trustee or director
1$0
Yun SongDirector
Trustee or director
1$0
Zhiwei XuDirector
Trustee or director
5$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
Zhan LiuPresident
Trustee or director, Officer
30$0
Alan AdlerDirector
Trustee or director
1$0
Yun SongDirector
Trustee or director
1$0
Zhiwei XuDirector
Trustee or director, Key employee
10$0
Qi ZhangTreasurer
Key employee
40$0
Dan ChengGeneral Manager Marketing
Key employee
10$0

Address and contacts

Address (IRS master file)
22 ORCHARD ST # 24, MIDDLETOWN, NY 10940-5005
Principal officer (990 for 2024)
Zhan Liu, 22-24 Orchard St, Middletown, NY 10940
Signed the 990
ZHAN LIU, President
Phone
(845) 538-4490
Website
fayuan.us

Mission

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, and to globally partner with other organizations sharing these same purposes.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $268,494 · revenue $15,210

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
88-1775223
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X83)
Assets (IRS master file)
$1,448,196
Income (IRS master file)
$505,545

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$393,005$348,098$1,448,196XML
990December 2023$753,787$29,275$1,243,862XML
990December 2022$117,165$7,188$280,327IRS

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 88-1775223).

Questions about FA YUAN INC

What is the EIN of FA YUAN INC?
The employer identification number (EIN) of FA YUAN INC is 88-1775223.
Is FA YUAN INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to FA YUAN INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FA YUAN 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 FA YUAN 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 FA YUAN 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 FA YUAN INC?
The 990 for the year ended December 31, 2024 names Zhan Liu.
Who are the officers and directors of FA YUAN INC?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $6,000 (Zhan Liu, President).
How much revenue does FA YUAN INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $393,005, expenses of $348,098 and total assets of $1,448,196 at year end.

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