Phap Quang Tu

Analysis

Phap Quang Tu is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Phap Quang Tu reported income of $166k and spending of $70k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $219k to $166k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 180% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phap Quang Tu sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Power and Authority Ministries ($166k), Journey Church of Washington ($166k) and Macg Vision ($166k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 49% of the total. At year end it held assets of $904k against liabilities of $180k, net assets of $724k.