Huong Lam Buddhist Center Inc

Analysis

Huong Lam Buddhist Center Inc is a registered charity in United States, based in Pearland, TX. It received its IRS tax-exemption ruling in May 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, Huong Lam Buddhist Center Inc reported income of $390k and spending of $119k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $137k to $390k (+185%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 47% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Huong Lam Buddhist Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Sacred Heart Academy Education Foundation ($390k), Classis Zeeland Diaconal Committee ($390k) and Reflective Life Ministries ($390k).

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 $1.3m against liabilities of $143k, net assets of $1.2m.