Huyen Khong Monastery

Analysis

Huyen Khong Monastery is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 2009, 17 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, Huyen Khong Monastery reported income of $926k and spending of $395k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $413k to $926k (+124%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Huyen Khong Monastery sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Back to the Bible Foundation ($926k), Bride of Christ Tabernacle Inc ($927k) and We Believe Foundation ($925k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $2.9m against liabilities of $546k, net assets of $2.3m.