Thuong Quang Temple

Analysis

Thuong Quang Temple is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in March 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, Thuong Quang Temple reported income of $51k and spending of $34k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $57k to $51k (-9.6%), an average of -9.6% a year. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Thuong Quang Temple sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Word to Flesh Ministries Inc ($51k), Amazon Charities Non-Profit Corporation ($51k) and Mark 732 Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $167k against liabilities of $0, net assets of $167k.