Bub Hwa Buddhist Temple

Analysis

Bub Hwa Buddhist Temple is a registered charity in United States, based in Annandale, VA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bub Hwa Buddhist Temple reported income of $164k and spending of $92k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $164k (+12%), an average of +12% a year. Over the whole period it spent 46% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bub Hwa Buddhist Temple sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Los Alamitos Chapter of the Race Track Chaplaincy of America ($164k), Society of St Vincent de Paul Holy Family Conference ($164k) and Water From Rock Ministries Inc ($164k).

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 $10k (11% of expenses). At year end it held assets of $167k against liabilities of $0, net assets of $167k.