Ton Thang Monastery

Analysis

Ton Thang Monastery is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in June 2020, 6 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, Ton Thang Monastery reported income of $281k and spending of $354k, spending 126% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $60k to $281k (+364%), an average of +67% a year. The sharpest change came in the year to December 2021, when income rose by 2049%. Over the whole period it spent 35% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ton Thang Monastery sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include New Life Outreach Ministry Incorporated ($281k), Primera Iglesia Pentecostal Roca de Salvacion Inc ($281k) and Gospel TLC Inc ($281k).

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 $24k (6.8% of expenses). At year end it held assets of $3.6m against liabilities of $1.1m, net assets of $2.5m. It reported 2 employees.