Florida Buddhist Centers Inc - Lotus Monastery - Tu Vien Lien Hoa

Analysis

Florida Buddhist Centers Inc - Lotus Monastery - Tu Vien Lien Hoa is a registered charity in United States, based in West Palm BCH, FL. 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 2023, Florida Buddhist Centers Inc - Lotus Monastery - Tu Vien Lien Hoa reported income of $490k and spending of $341k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $344k to $490k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Florida Buddhist Centers Inc - Lotus Monastery - Tu Vien Lien Hoa sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Freedom Projectz ($490k), Christ Apostolic Church Tampa Bay I NC ($490k) and Legacy Family Ministries ($490k).

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 $930k against liabilities of $132k, net assets of $798k.