Kung Meng Sheng Tao USA Southern Center Inc

Analysis

Kung Meng Sheng Tao USA Southern Center Inc is a registered charity in United States, based in Hempstead, TX. It received its IRS tax-exemption ruling in November 2020, 6 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, Kung Meng Sheng Tao USA Southern Center Inc reported income of $679k and spending of $75k, leaving 89% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $52k to $679k (+1212%), an average of +262% a year. The sharpest change came in the year to December 2022, when income rose by 1469%. Over the whole period it spent 7.2% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kung Meng Sheng Tao USA Southern Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Life House Church ($679k), Greater Works Ministries Inc ($679k) and Canyon Ministries ($679k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. Other salaries and wages came to $18k. At year end it held assets of $18.7m against liabilities of $3,459, net assets of $18.7m. It reported 2 employees.