Phap Van Buddhist Culture Center

Analysis

Phap Van Buddhist Culture Center is a registered charity in United States, based in Pomona, CA. It received its IRS tax-exemption ruling in April 2014, 12 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, Phap Van Buddhist Culture Center reported income of $118k and spending of $70k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $236k to $118k (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 46% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phap Van Buddhist Culture Center sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Heralds of Christ Tidings of Joy Inc ($118k), East Gate Ministries ($118k) and Out of Egypt Ministries a NJ Nonprofit Corporataion ($118k).

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 $992k against liabilities of $6,500, net assets of $986k.