Vietnamese Buddist Congreation of the U S Tu Dam Loving Cloud Temple

Analysis

Vietnamese Buddist Congreation of the U S Tu Dam Loving Cloud Temple is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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 Buddist Congreation of the U S Tu Dam Loving Cloud Temple reported income of $352k and spending of $78k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $352k (+200%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vietnamese Buddist Congreation of the U S Tu Dam Loving Cloud Temple sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include The University of Iowa Louis Shulman Hillel Foundation ($352k), Train Collectors Association Rocky Mountain Division ($352k) and Odon Thrift Store ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.9m against liabilities of $1.4m, net assets of $553k.