Jong Cheng Buddha Association

Analysis

Jong Cheng Buddha Association is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1995, 31 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 June 2024, Jong Cheng Buddha Association reported income of $66k and spending of $32k, leaving 51% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $64k to $66k (+3.1%), an average of +0.8% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jong Cheng Buddha Association sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include CPC of Hte WMM USA Inc ($66k), Grace Iris Ministries Inc ($66k) and Rivers 2 Nations Inc ($66k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 52% of the total. At year end it held assets of $759k against liabilities of $0, net assets of $759k.