Tay Phuong Buddhist Monastery

Analysis

Tay Phuong Buddhist Monastery is a registered charity in United States, based in Westminster, 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, Tay Phuong Buddhist Monastery reported income of $92k and spending of $44k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $92k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 54% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tay Phuong Buddhist Monastery sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Hope4heartsga Inc ($92k), Penn Ministries Inc ($92k) and Determinetruth Inc ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $851k against liabilities of $703k, net assets of $148k.