Sino-American Buddhist Association Lingshan Temple Inc

Analysis

Sino-American Buddhist Association Lingshan Temple Inc is a registered charity in United States, based in Elmhurst, NY. It received its IRS tax-exemption ruling in September 2003, 23 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 2023, Sino-American Buddhist Association Lingshan Temple Inc reported income of $380k and spending of $27k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $33k to $380k (+1044%), an average of +84% a year. The sharpest change came in the year to December 2020, when income rose by 1032%. Over the whole period it spent 9.3% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sino-American Buddhist Association Lingshan Temple Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Canons Regular of Jesus the Lord of Nevada Inc ($380k), Dorothy Day Capital Corporation ($380k) and Family of God in Christ Ministry Inc ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.2m against liabilities of $1,380, net assets of $2.2m.