Hue Quang Buddhist Cultural Center

Analysis

Hue Quang Buddhist Cultural Center is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in August 1993, 33 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 July 2023, Hue Quang Buddhist Cultural Center reported income of $1.8m and spending of $257k, leaving 86% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $948k to $1.8m (+94%), an average of +18% a year. The sharpest change came in the year to July 2020, when income rose by 77%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hue Quang Buddhist Cultural Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Big Spring YMCA ($1.8m), Community Shares of Wisconsin Inc ($1.8m) and Highco Inc ($1.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9.0m against liabilities of $19k, net assets of $9.0m.