Vietnamese Buddhist Community Co Lam Temple

Analysis

Vietnamese Buddhist Community Co Lam Temple is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 2004, 22 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, Vietnamese Buddhist Community Co Lam Temple reported income of $310k and spending of $213k, leaving 31% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $218k to $310k (+42%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 47%. 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, Vietnamese Buddhist Community Co Lam Temple sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Conectar Global ($310k), National Service Comm of the Catho Charismatic Renewal of the US ($311k) and Ocotillo Foundation Inc ($310k).

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 $686k against liabilities of $83k, net assets of $603k.