Mon Buddhist Temple of Minnesota Corporation

Analysis

Mon Buddhist Temple of Minnesota Corporation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 2015, 11 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, Mon Buddhist Temple of Minnesota Corporation reported income of $55k and spending of $23k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $55k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 46% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mon Buddhist Temple of Minnesota Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Friends of Faith ($55k), Life Freedom Ministries ($55k) and Gods Vision Ministries ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.