Phap Bao Buddhist Temple

Analysis

Phap Bao Buddhist Temple is a registered charity in United States, based in Mission, TX. It received its IRS tax-exemption ruling in June 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, Phap Bao Buddhist Temple reported income of $189k and spending of $24k, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $264k to $189k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2022, when income rose by 231%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phap Bao Buddhist Temple sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Leva Patidar Samaj of Houston ($189k), Women of Wonder Wow Inc ($189k) and Revival Plan Association ($189k).

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 $6,000 (25% of expenses). At year end it held assets of $462k against liabilities of $0, net assets of $462k.