Vietnamese Buddhist Zen Center Truc Lam Hoa Tu Monastery

Analysis

Vietnamese Buddhist Zen Center Truc Lam Hoa Tu Monastery is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in August 2011, 15 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 Zen Center Truc Lam Hoa Tu Monastery reported income of $62k and spending of $36k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $158k to $62k (-60%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese Buddhist Zen Center Truc Lam Hoa Tu Monastery sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within AZ. Charities of a similar size with the same main cause include Southern California Chinese Buddhist Temple ($62k), Restore the Family Ministries ($62k) and Dick Senter Ministries Inc ($62k).

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 $330k against liabilities of $0, net assets of $330k.