Vietnamese Buddhist Congregation of the United States Nhu Lai

Analysis

Vietnamese Buddhist Congregation of the United States Nhu Lai is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 1994, 32 years ago. 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 2021, Vietnamese Buddhist Congregation of the United States Nhu Lai reported income of $1.3m and spending of $520k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2019 to December 2021, income grew from $1.2m to $1.3m (+7.3%), an average of +7.3% a year. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vietnamese Buddhist Congregation of the United States Nhu Lai sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Hardee County Fair Incorporated ($1.3m), Triangle North Healthcare Foundation Inc ($1.3m) and Lewis Little Folks Inc ($1.3m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m.