Vietnamese Buddhist Association of Detroit-Linh Phong Monastry

Analysis

Vietnamese Buddhist Association of Detroit-Linh Phong Monastry is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in October 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 Buddhist Association of Detroit-Linh Phong Monastry reported income of $261k and spending of $204k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $261k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese Buddhist Association of Detroit-Linh Phong Monastry sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Shalom Ministries International ($261k), Fultoli Jame Masjid & Islamic Institute Ozone Park Inc ($261k) and Joe McGee Ministries Inc ($261k).

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 $788k against liabilities of $175k, net assets of $613k.