Pho Duc Meditation Center Inc

Analysis

Pho Duc Meditation Center Inc is a registered charity in United States, based in Houston, TX. 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pho Duc Meditation Center Inc reported income of $62k and spending of $69k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $62k (-12%), an average of -12% a year. Over the whole period it spent 153% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pho Duc Meditation Center Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Indo-Chinese Association of San Diego Inc ($62k), Charity Baptist Church of Christ Inc ($62k) and True Gospel Church Ministry ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $287k against liabilities of $201k, net assets of $86k.