Phuoc Quang Buddhist Temple

Analysis

Phuoc Quang Buddhist Temple is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Phuoc Quang Buddhist Temple reported income of $59k and spending of $58k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $51k to $59k (+16%), an average of +7.5% a year. 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, Phuoc Quang Buddhist Temple sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Robbi Warren Ministries Inc ($59k), Chabad Soul and Mind Inc ($59k) and American Friends of Mishkan Shlomo Inc ($59k).

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 $625k against liabilities of $1,594, net assets of $623k.