Institute of Chung Hwa Buddhist Culture Inc

Analysis

Institute of Chung Hwa Buddhist Culture Inc is a registered charity in United States, based in Elmhurst, NY. It received its IRS tax-exemption ruling in August 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Institute of Chung Hwa Buddhist Culture Inc reported income of $2.1m and spending of $497k, leaving 76% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.1m (+73%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 224%. Over the whole period it spent 18% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Institute of Chung Hwa Buddhist Culture Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Peace Neighborhood Center ($2.1m), Urban League of Nebraska ($2.1m) and Commonworks ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $6,400. At year end it held assets of $24.7m against liabilities of $9,500, net assets of $24.7m. It reported 5 employees.