Tu Bi Buddhist Temple

Analysis

Tu Bi Buddhist Temple is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tu Bi Buddhist Temple reported income of $500k and spending of $0, leaving 100% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $258k to $500k (+94%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 24% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tu Bi Buddhist Temple sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Spokane Symphony Associates ($500k), Asombro Institute for Science Education ($500k) and Chico Theater Company Inc ($500k).

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 $2.2m against liabilities of $247k, net assets of $2.0m.