Sung Nghiem Zen Center Inc

Analysis

Sung Nghiem Zen Center Inc is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in February 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, Sung Nghiem Zen Center Inc reported income of $270k and spending of $196k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $270k (+83%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 364%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sung Nghiem Zen Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Campus House of Christian Campus Ministry Inc ($270k), Tpim Inc ($270k) and The Rock of Salvation Ministries Inc ($270k).

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 $489k against liabilities of $422k, net assets of $67k.