The Quan Am Buddhist Monastery

Analysis

The Quan Am Buddhist Monastery is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 2012, 14 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, The Quan Am Buddhist Monastery reported income of $150k and spending of $66k, leaving 56% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $123k to $150k (+22%), an average of +10% a year. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Quan Am Buddhist Monastery sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Wounded Heart Foundation Inc ($150k), CFC Ministries Inc ($151k) and Peter Snyder Ministries ($150k).

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 $4,800 (7.2% of expenses). At year end it held assets of $864k against liabilities of $403k, net assets of $461k. It reported 1 employees.