Quang Chieu Buddist Meditation Association

Analysis

Quang Chieu Buddist Meditation Association is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in August 2000, 26 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, Quang Chieu Buddist Meditation Association reported income of $363k and spending of $236k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $363k (+19%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Quang Chieu Buddist Meditation Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Christian Cultural Ministries International Inc ($363k), Saint Michael Eritrean Orthodox Tewahedo Church in Santa Rosa ($363k) and Theres Hope America Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $9,600. At year end it held assets of $1.9m against liabilities of $369, net assets of $1.9m. It reported 1 employees.