Giac Ngo Monastery

Analysis

Giac Ngo Monastery is a registered charity in United States, based in Cape May CH, NJ. It received its IRS tax-exemption ruling in November 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, Giac Ngo Monastery reported income of $175k and spending of $50k, leaving 72% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $165k to $175k (+6.3%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 25% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Giac Ngo Monastery sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Worship and the Word Movement Inc ($175k), Brad Huddleston Ministries ($175k) and Aish Campus Boston Inc ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $990k against liabilities of $0, net assets of $990k.