Truc Lam Bao Chi Zen Buddhist Temple Corp

Analysis

Truc Lam Bao Chi Zen Buddhist Temple Corp is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in February 2017, 9 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, Truc Lam Bao Chi Zen Buddhist Temple Corp reported income of $534k and spending of $306k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $534k (+107%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 53% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truc Lam Bao Chi Zen Buddhist Temple Corp sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Elca Youth Ministry Network ($534k), Homemission ($534k) and Guiding Light Academy ($534k).

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 $1.4m against liabilities of $0, net assets of $1.4m.