Tu Vien Ho Phap Monastery

Analysis

Tu Vien Ho Phap Monastery is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in July 2008, 18 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, Tu Vien Ho Phap Monastery reported income of $199k and spending of $241k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $199k (+146%), an average of +146% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tu Vien Ho Phap Monastery sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Bases Loaded Prospects Academy Inc ($199k), Global Ministry Resources ($199k) and Himalayan Yoga Meditation Society of Los Angeles ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,400 against liabilities of $0, net assets of $5,400.