Huyen Trang Buddhist Temple

Analysis

Huyen Trang Buddhist Temple is a registered charity in United States, based in New Caney, TX. It received its IRS tax-exemption ruling in February 2023, 3 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, Huyen Trang Buddhist Temple reported income of $297k and spending of $159k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2021 to December 2023, income grew from $108k to $297k (+175%), an average of +175% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Huyen Trang Buddhist Temple sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Vedagita Center Inc ($296k), Dell Loy Hansen Heart Foundation Inc ($297k) and Emmaus Institute for Biblical Studies ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $12k (7.8% of expenses). At year end it held assets of $378k against liabilities of $15k, net assets of $364k.