Lotus Buddhist Congregation

Analysis

Lotus Buddhist Congregation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 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 2022, Lotus Buddhist Congregation reported income of $617k and spending of $393k, leaving 36% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $548k to $617k (+13%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lotus Buddhist Congregation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Liumi Inc ($617k), Toolbox Ministries Inc ($617k) and Wake Up America Seminars Inc ($617k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.9m against liabilities of $1.4m, net assets of $2.5m.