Phat an Monastery

Analysis

Phat an Monastery is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Phat an Monastery reported income of $197k and spending of $188k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $566k to $197k (-65%), an average of -41% a year. The sharpest change came in the year to December 2022, when income dropped by 66%. Over the whole period it spent 35% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phat an Monastery sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Khalsa Family Farms ($197k), People in Mission International ($197k) and Dirt Roads Network ($197k).

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 $17k against liabilities of $0, net assets of $17k.