Los Angeles Kwan Um Sa Temple of Korean Buddhist Jogye Order Inc

Analysis

Los Angeles Kwan Um Sa Temple of Korean Buddhist Jogye Order Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1974, 52 years ago. 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 January 2024, Los Angeles Kwan Um Sa Temple of Korean Buddhist Jogye Order Inc reported income of $275k and spending of $272k, spending 99% of its income. Across the 5 years on record, from January 2020 to January 2024, income fell from $322k to $275k (-14%), an average of -3.8% a year. The sharpest change came in the year to January 2021, when income dropped by 42%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Kwan Um Sa Temple of Korean Buddhist Jogye Order Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Sixty Two Plaza Central Inc ($275k), Washington Research Council ($275k) and Berkshire Film and Media Collaborative ($275k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 23% of the total. At year end it held assets of $2.4m against liabilities of $1.2m, net assets of $1.2m.