Van Phuoc Buddhist Meditation Center

Analysis

Van Phuoc Buddhist Meditation Center is a registered charity in United States, based in Brentwood, CA. It received its IRS tax-exemption ruling in May 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 2022, Van Phuoc Buddhist Meditation Center reported income of $121k and spending of $86k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $98k to $121k (+24%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 68% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Van Phuoc Buddhist Meditation Center sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Battlezone Ministries Inc ($121k), Uttermost Ministries Inc ($121k) and Fundacion Magnifica Corp ($121k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $86k, net assets of $0.