Sheng-Yen Lu Foundation

Analysis

Sheng-Yen Lu Foundation is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sheng-Yen Lu Foundation reported income of $2.0m and spending of $2.3m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.0m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sheng-Yen Lu Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Tre Ministries ($2.0m), Sermon on the Mount Inc ($2.0m) and Cham Doen Presbyterian Church Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $84k (3.6% of expenses). Other salaries and wages came to $20k. At year end it held assets of $11.5m against liabilities of $5,000, net assets of $11.5m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.