Tuong Quang Buddhist Temple Inc

Analysis

Tuong Quang Buddhist Temple Inc is a registered charity in United States, based in Baytown, 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tuong Quang Buddhist Temple Inc reported income of $97k and spending of $110k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $51k to $97k (+91%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 206%. Over the whole period it spent 113% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tuong Quang Buddhist Temple Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include The Jesus Video Project of Alabama Inc ($97k), 517 Ministries ($97k) and Cypher Spot Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $174k against liabilities of $0, net assets of $174k.