Chung Te Buddhist Association of New York Inc

Analysis

Chung Te Buddhist Association of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1979, 47 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, Chung Te Buddhist Association of New York Inc reported income of $1.5m and spending of $321k, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.5m (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 15% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chung Te Buddhist Association of New York Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Baja Christian Ministries ($1.5m), Knom Radio Mission Inc ($1.5m) and Shiloh Israel Childrens Fund Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $45.0m against liabilities of $0, net assets of $45.0m.