Giac Ngan Monastery

Analysis

Giac Ngan Monastery is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Giac Ngan Monastery reported income of $80k and spending of $66k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $80k (+5.9%), an average of +5.9% a year. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Giac Ngan Monastery sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Alternative Seminary ($80k), Still Harbor Inc ($80k) and Leto Foundation ($80k).

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 $68k against liabilities of $0, net assets of $68k.