Tue Quang Buddhist Temple Inc

Analysis

Tue Quang Buddhist Temple Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in May 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, Tue Quang Buddhist Temple Inc reported income of $152k and spending of $109k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $159k to $152k (-4.1%), an average of -1.0% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tue Quang Buddhist Temple Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Bethany Mission Society Inc ($152k), Teach All Nations Mission Inc ($152k) and International Congress of Churches and Ministers ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (12% of expenses). At year end it held assets of $524k against liabilities of $0, net assets of $524k.