Pho Quang Buddhist Meditation Center Inc

Analysis

Pho Quang Buddhist Meditation Center Inc is a registered charity in United States, based in Stone MTN, GA. It received its IRS tax-exemption ruling in June 2019, 7 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, Pho Quang Buddhist Meditation Center Inc reported income of $78k and spending of $64k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $17k to $78k (+360%), an average of +360% a year. The sharpest change came in the year to December 2023, when income rose by 360%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pho Quang Buddhist Meditation Center Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within GA. Charities of a similar size with the same main cause include Treasured Ministries International Inc ($78k), Giac Quang Temple ($78k) and Muslim Education and Convertscenter of America Inc ($78k).

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 $44k against liabilities of $0, net assets of $44k.