Lien Hoa Buddhist Temple-Chua Lien Hoa

Analysis

Lien Hoa Buddhist Temple-Chua Lien Hoa is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lien Hoa Buddhist Temple-Chua Lien Hoa reported income of $202k and spending of $170k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $202k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lien Hoa Buddhist Temple-Chua Lien Hoa sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Calvary Cornerstone ($202k), Truth Matters TR ($202k) and Encounter Church ($202k).

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 $759k against liabilities of $176k, net assets of $584k.