Tu Lam Buddhist Temple

Analysis

Tu Lam Buddhist Temple is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 2013, 13 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, Tu Lam Buddhist Temple reported income of $892k and spending of $167k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $892k (+228%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 36% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tu Lam Buddhist Temple sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Just Horizons Alliance Inc ($892k), The Vivian Skaggs Armstrong Foundation ($893k) and Fraternidad Cristiana Stamford Inc ($892k).

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 $2.3m against liabilities of $0, net assets of $2.3m.