Quang Duc Buddhist Center

Analysis

Quang Duc Buddhist Center is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 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, Quang Duc Buddhist Center reported income of $322k and spending of $217k, leaving 33% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $343k to $322k (-6.0%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 42% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Quang Duc Buddhist Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Partners in Bible Translation Inc ($322k), Expansion Church of South Florida Inc ($322k) and Hope & Passion Ministries ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $2.3m against liabilities of $86k, net assets of $2.2m.