Thien Quang Vietnamese Buddhist Meditation Monastery

Analysis

Thien Quang Vietnamese Buddhist Meditation Monastery is a registered charity in United States, based in Midway City, CA. It received its IRS tax-exemption ruling in February 2009, 17 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, Thien Quang Vietnamese Buddhist Meditation Monastery reported income of $57k and spending of $39k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $57k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Thien Quang Vietnamese Buddhist Meditation Monastery sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Association of Chesed Organizations ($57k), Ministerio Internacional Camino Verdad Y Vida ($57k) and David Burton Ministries ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.