Vietnamese Sangha Congregation in America Phuoc Minh Monastery

Analysis

Vietnamese Sangha Congregation in America Phuoc Minh Monastery is a registered charity in United States, based in Duson, LA. It received its IRS tax-exemption ruling in August 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, Vietnamese Sangha Congregation in America Phuoc Minh Monastery reported income of $565k and spending of $509k, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $338k to $565k (+67%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese Sangha Congregation in America Phuoc Minh Monastery sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within LA. Charities of a similar size with the same main cause include Light of Morning Star Foundation ($565k), Wisconsin Lutheran High School Foundation Inc ($565k) and Jesus Calls International Inc ($564k).

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 $1.2m against liabilities of $0, net assets of $1.2m.