Vietnamese Buddhist Fellowship of Louisiana Inc

Analysis

Vietnamese Buddhist Fellowship of Louisiana Inc is a registered charity in United States, based in Westwego, LA. It received its IRS tax-exemption ruling in May 1990, 36 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, Vietnamese Buddhist Fellowship of Louisiana Inc reported income of $202k and spending of $196k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $202k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income rose by 83%. 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, Vietnamese Buddhist Fellowship of Louisiana Inc 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 52nd percentile within LA. Charities of a similar size with the same main cause include Gabrieleno-Tongva Tribal Council ($202k), Wells Ministries Inc ($202k) and Ministerios Palabra de Restauracion ($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 $1.0m against liabilities of $0, net assets of $1.0m.