Kak Hwang Zen Center

Analysis

Kak Hwang Zen Center is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in June 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 2021, Kak Hwang Zen Center reported income of $735k and spending of $714k, spending 97% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $403k to $735k (+83%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kak Hwang Zen Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Jordan Crossing Ministries ($735k), Central Valley Broadcasting Co Inc ($735k) and Manna Global Ministries Inc ($735k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $221k against liabilities of $0, net assets of $221k. It reported 1 employees.