Shaolin Temple USA

Analysis

Shaolin Temple USA is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shaolin Temple USA reported income of $629k and spending of $507k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $728k to $629k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shaolin Temple USA sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Probe Ministries International Inc ($629k), St Lukes Lutheran Church and School Foundation ($629k) and DSC Ministries Inc ($628k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $91k (18% of expenses). Other salaries and wages came to $7,000. At year end it held assets of $1.8m against liabilities of $1.1m, net assets of $674k. It reported 4 employees.