Chan Giac Zen Monastery Inc

Analysis

Chan Giac Zen Monastery Inc is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in September 2000, 26 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, Chan Giac Zen Monastery Inc reported income of $128k and spending of $102k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $177k to $128k (-28%), an average of -7.7% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chan Giac Zen Monastery Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Listen Israel Church ($128k), Pure Land Center ($128k) and Muslim Burial Organization of Los Angeles ($128k).

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 $1.9m against liabilities of $0, net assets of $1.9m.