Phuoc Duc Buddhist Cultural Center Inc

Analysis

Phuoc Duc Buddhist Cultural Center Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2010, 16 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, Phuoc Duc Buddhist Cultural Center Inc reported income of $540k and spending of $518k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $966k to $540k (-44%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phuoc Duc Buddhist Cultural Center Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Dallas Area Interfaith Action Fund ($540k), Hope Alive Initiatives ($540k) and Taming Mustangs Inc ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (6.4% of expenses). At year end it held assets of $392k against liabilities of $145k, net assets of $247k.