Tinh Luat Buddhist Retreat Foundation of Texas Inc

Analysis

Tinh Luat Buddhist Retreat Foundation of Texas Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1998, 28 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, Tinh Luat Buddhist Retreat Foundation of Texas Inc reported income of $234k and spending of $363k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $234k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2023, when income rose by 171%. Over the whole period it spent 134% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tinh Luat Buddhist Retreat Foundation of Texas Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Reimagine Group ($234k), First Free Will Baptist Church of Indianapolis Inc ($234k) and Counsel and Capital ($234k).

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 $2.6m against liabilities of $1.1m, net assets of $1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.