Vietnamese Buddhist Meditation Congregation

Analysis

Vietnamese Buddhist Meditation Congregation is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in November 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, Vietnamese Buddhist Meditation Congregation reported income of $147k and spending of $185k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $191k to $147k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese Buddhist Meditation Congregation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within WA. Charities of a similar size with the same main cause include In His Sign Network ($147k), Thriving ($147k) and Billy Thomas Ministries Inc ($147k).

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 $358k against liabilities of $0, net assets of $358k.