American International Buddhistic Union Xuan Zang Meditation Monaste

Analysis

American International Buddhistic Union Xuan Zang Meditation Monaste is a registered charity in United States, based in West Covina, CA. It received its IRS tax-exemption ruling in March 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 October 2022, American International Buddhistic Union Xuan Zang Meditation Monaste reported income of $342k and spending of $150k, leaving 56% of income unspent that year. Across the 3 years on record, from October 2019 to October 2022, income grew from $62k to $342k (+450%), an average of +134% a year. The sharpest change came in the year to October 2022, when income rose by 221%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, American International Buddhistic Union Xuan Zang Meditation Monaste sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Vision Ohio ($341k), Phillip Baker Ministries ($342k) and Zambia Project ($341k).

On its Form 990 for the period ending October 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $7,200 (4.8% of expenses). At year end it held assets of $2.0m against liabilities of $1.8m, net assets of $132k. It reported 1 employees.