Hoa Lam Buddhist Meditation Center

Analysis

Hoa Lam Buddhist Meditation Center is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in July 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, Hoa Lam Buddhist Meditation Center reported income of $89k and spending of $61k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $89k (+96%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hoa Lam Buddhist Meditation Center sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Backyard Ministries Inc ($89k), Heart of Texas Field Guides ($89k) and St Joseph of Optina Russian Orthodox Church ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $66, net assets of $39k.