Linh Quang Buddhist Center Inc

Analysis

Linh Quang Buddhist Center Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 2003, 23 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, Linh Quang Buddhist Center Inc reported income of $384k and spending of $228k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2018 to December 2023, income fell from $505k to $384k (-24%), an average of -13% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Linh Quang Buddhist Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NE. Charities of a similar size with the same main cause include DJM Ministries Inc ($383k), J-Life Outreach Inc ($384k) and Domestic Church Media Foundation ($383k).

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 $28k (12% of expenses). At year end it held assets of $2.6m against liabilities of $153k, net assets of $2.5m.