Quan Am Temple of Buddhist Cultural Centre of Cleveland-Ohio

Analysis

Quan Am Temple of Buddhist Cultural Centre of Cleveland-Ohio is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2005, 21 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, Quan Am Temple of Buddhist Cultural Centre of Cleveland-Ohio reported income of $316k and spending of $183k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $233k to $316k (+36%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Quan Am Temple of Buddhist Cultural Centre of Cleveland-Ohio sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Gospel Outbound Inc ($316k), Christian Campus Fellowship at Uga Inc ($316k) and Word of Messiah Ministries Inc ($316k).

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 $836k against liabilities of $0, net assets of $836k.