Bao Phuoc Buddhist Church

Analysis

Bao Phuoc Buddhist Church is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Bao Phuoc Buddhist Church reported income of $886k and spending of $1.3m, spending 145% of what it took in. Across the 5 years on record, from December 2017 to December 2022, income grew from $217k to $886k (+308%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bao Phuoc Buddhist Church sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Go Tell Ministries Inc ($885k), Chabad Outreach of Eastern Europe Inc ($886k) and Crates Point ($885k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $36k, net assets of $1.5m.