Cao-Dai of Texas

Analysis

Cao-Dai of Texas is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in August 1997, 29 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, Cao-Dai of Texas reported income of $72k and spending of $22k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $85k to $72k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 38% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cao-Dai of Texas sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include First Priority of Muskegon ($72k), Steve Roll Restoration Ministries Inc ($72k) and Seed Sowers ($72k).

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 $1.5m against liabilities of $0, net assets of $1.5m.