Hue Lam Buddhist Center Inc

Analysis

Hue Lam Buddhist Center Inc is a registered charity in United States, based in Manor, TX. It received its IRS tax-exemption ruling in November 2004, 22 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, Hue Lam Buddhist Center Inc reported income of $219k and spending of $329k, spending 150% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $308k to $219k (-29%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 352%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hue Lam Buddhist Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Ultimate Strength ($218k), Nudge Ministries ($219k) and Vessels of Mercy Ministries Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $160k. At year end it held assets of $251k against liabilities of $0, net assets of $251k.