Phap Van Monastery

Analysis

Phap Van Monastery is a registered charity in United States, based in Pearland, TX. It received its IRS tax-exemption ruling in July 2012, 14 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, Phap Van Monastery reported income of $266k and spending of $222k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $282k to $266k (-5.5%), an average of -5.5% a year. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phap Van Monastery 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 59th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Korinji Foundation ($266k), Supernatural Marriage Ministries ($266k) and Greater Faith Community Ministry Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $8,000 (3.6% of expenses). At year end it held assets of $530k against liabilities of $0, net assets of $530k.