Sing Tao Buddhist Association Inc

Analysis

Sing Tao Buddhist Association Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 2009, 17 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, Sing Tao Buddhist Association Inc reported income of $93k and spending of $54k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $103k to $93k (-9.5%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sing Tao Buddhist Association Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Christmas for Everyone Inc ($93k), Pejepscot Housing Inc ($93k) and Pizza Oven Charities Inc ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $530k against liabilities of $0, net assets of $530k.