Hua Zang Buddhist Institute

Analysis

Hua Zang Buddhist Institute is a registered charity in United States, based in Rosemead, CA. It received its IRS tax-exemption ruling in April 2016, 10 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, Hua Zang Buddhist Institute reported income of $241k and spending of $117k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $480k to $241k (-50%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 41% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hua Zang Buddhist Institute sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Shepherds Way ($240k), Mountain of Fire and Miracles Ministries ($241k) and Bridge Ministries of Laredo Inc ($240k).

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 $5,400 (4.6% of expenses). Other salaries and wages came to $7,898. At year end it held assets of $3.5m against liabilities of $1,538, net assets of $3.5m. It reported 4 employees.