Universal Virtue Buddhist Charities

Analysis

Universal Virtue Buddhist Charities is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Universal Virtue Buddhist Charities reported income of $566k and spending of $782k, spending 138% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $613k to $566k (-7.7%), an average of -2.6% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Universal Virtue Buddhist Charities sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include The Jack and Buena Foundation ($566k), Vestavia Hills City Schools Foundation ($566k) and Cardiostart International Incorporated ($566k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $172k against liabilities of $0, net assets of $172k.