Vietnamese Buddhist Community of Connecticut

Analysis

Vietnamese Buddhist Community of Connecticut is a registered charity in United States, based in Windsor, CT. It received its IRS tax-exemption ruling in November 2015, 11 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, Vietnamese Buddhist Community of Connecticut reported income of $88k and spending of $49k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $123k to $88k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 44% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese Buddhist Community of Connecticut sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include Ministerio Evangelico Internacional Nuevo Amanecer ($88k), Gathering of Leaders ($88k) and Apostolic Revival Ministries Inc ($88k).

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 $399k against liabilities of $0, net assets of $399k.