Vietnamese Buddhist Congregation of Alabama

Analysis

Vietnamese Buddhist Congregation of Alabama is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in February 2004, 22 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, Vietnamese Buddhist Congregation of Alabama reported income of $64k and spending of $62k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $253k to $64k (-75%), an average of -37% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese Buddhist Congregation of Alabama sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within AL. Charities of a similar size with the same main cause include Mountain View Christian Mission Inc ($64k), Living Presence Ministry Inc ($64k) and Purified Mission Church Inc ($64k).

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 $941k against liabilities of $228k, net assets of $713k.