Quan Am Temple Inc

Analysis

Quan Am Temple Inc is a registered charity in United States, based in Stafford, TX. 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 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, Quan Am Temple Inc reported income of $148k and spending of $177k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $11k to $148k (+1299%), an average of +93% a year. The sharpest change came in the year to December 2020, when income rose by 388%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Quan Am Temple Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Sports Outreach International Inc ($148k), Todays Pulpit ($148k) and The Alcyon Center ($148k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.0m against liabilities of $1.1m, net assets of -$48k.