Tuong Van Buddhist Temple Inc

Analysis

Tuong Van Buddhist Temple Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in November 2012, 14 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, Tuong Van Buddhist Temple Inc reported income of $195k and spending of $83k, leaving 57% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $8,354 to $195k (+2234%), an average of +186% a year. The sharpest change came in the year to December 2021, when income rose by 1120%. 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, Tuong Van Buddhist Temple Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Thurston Memorial Outreach Ministries Inc ($195k), Oklahoma City Chin Baptist Church ($195k) and Westminster Christian Fellowship Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.