American Fa Yu Buddhist Association Fa Yu Temple Inc

Analysis

American Fa Yu Buddhist Association Fa Yu Temple Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in January 2005, 21 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, American Fa Yu Buddhist Association Fa Yu Temple Inc reported income of $179k and spending of $343k, spending 191% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $179k (+193%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 240%. 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, American Fa Yu Buddhist Association Fa Yu Temple Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Holy Land Pilgrimage Inc ($179k), Create Hope ($179k) and Mission 10 10 Foundation ($179k).

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 $1.8m against liabilities of $571k, net assets of $1.3m.