Tung Lam Buddhist Temple Inc

Analysis

Tung Lam Buddhist Temple Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in December 2016, 10 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, Tung Lam Buddhist Temple Inc reported income of $52k and spending of $39k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $58k to $52k (-11%), an average of -11% a year. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tung Lam Buddhist Temple Inc 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 18th percentile within NC. Charities of a similar size with the same main cause include Margham Inc ($52k), Pure Bhakti Archive ($52k) and His Blessings Foundation ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $435k against liabilities of $224k, net assets of $211k.