Buddhist Social Services Center

Analysis

Buddhist Social Services Center is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in November 2006, 20 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, Buddhist Social Services Center reported income of $303k and spending of $333k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $303k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Buddhist Social Services Center sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Al-Rahman Foundation Waqf ($303k), Beauty for Ashes Ministry ($303k) and Reflection Park Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $6,000 (1.8% of expenses). At year end it held assets of $1.5m against liabilities of $310k, net assets of $1.2m.