Tu Quang Buddhist Center

Analysis

Tu Quang Buddhist Center is a registered charity in United States, based in Westminster, CA. It received its IRS tax-exemption ruling in November 2007, 19 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 July 2022, Tu Quang Buddhist Center reported income of $66k and spending of $59k, spending 89% of its income. Across the 4 years on record, from July 2019 to July 2022, income fell from $145k to $66k (-55%), an average of -23% a year. The sharpest change came in the year to July 2020, when income rose by 162%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tu Quang Buddhist Center sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Laymans Foundation Inc ($66k), Desert Streams Ministries ($66k) and Church Catalyst ($66k).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $690k against liabilities of $0, net assets of $690k.