Tze Hung Buddhism Center

Analysis

Tze Hung Buddhism Center is a registered charity in United States, based in Diamond Bar, CA. It received its IRS tax-exemption ruling in November 2001, 25 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 May 2024, Tze Hung Buddhism Center reported income of $379k and spending of $573k, spending 151% of what it took in. Across the 4 years on record, from May 2021 to May 2024, income grew from $289k to $379k (+31%), an average of +9.5% a year. The sharpest change came in the year to May 2022, when income rose by 26%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tze Hung Buddhism Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Halal Food Standards Alliance of America ($378k), Igniting Prayer Action ($379k) and Al-Madina Association ($378k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.