Buddha Bless Temple Inc

Analysis

Buddha Bless Temple Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2007, 19 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 2022, Buddha Bless Temple Inc reported income of $63k and spending of $33k, leaving 48% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $952k to $63k (-93%), an average of -60% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 44% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Buddha Bless Temple Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within KY. Charities of a similar size with the same main cause include Vivekananda Vedanta Center CT Inc ($63k), Fourth Day Ministries Inc ($63k) and Celtic Cove Catholic Bookstore Inc ($63k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $44k, net assets of $1.2m.