Happy Buddha Precious Temple Inc

Analysis

Happy Buddha Precious Temple Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in April 2001, 25 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, Happy Buddha Precious Temple Inc reported income of $348k and spending of $253k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $533k to $348k (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. 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, Happy Buddha Precious Temple Inc 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 61st percentile within NY. Charities of a similar size with the same main cause include Kissing Well NFP ($348k), Ihya Foundation ($348k) and My XP Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. At year end it held assets of $3.5m against liabilities of $6,698, net assets of $3.5m.