Hindu Temple of Frisco

Analysis

Hindu Temple of Frisco is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in April 2018, 8 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, Hindu Temple of Frisco reported income of $1.0m and spending of $313k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $1.0m (+244%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 164%. Over the whole period it spent 45% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hindu Temple of Frisco sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Bear Paw Ministries ($1.0m), Dawn of Hope Ministries ($1.0m) and Reelfoot Rural Ministry of the Memphis Annual Conf of UN Meth CH ($1.0m).

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 $1.9m against liabilities of $162k, net assets of $1.7m.