Phuoc Duc Mahayana Studies Foundation - Chua Phuoc Duc Inc

Analysis

Phuoc Duc Mahayana Studies Foundation - Chua Phuoc Duc Inc is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in July 2022, 4 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, Phuoc Duc Mahayana Studies Foundation - Chua Phuoc Duc Inc reported income of $70k and spending of $42k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $32k to $70k (+121%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 395%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phuoc Duc Mahayana Studies Foundation - Chua Phuoc Duc Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Holy Spirit Sanctifier Catholic Radio ($70k), Lud Golz Ministries ($70k) and As-Safa Islamic Association ($70k).

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 $28k against liabilities of $28k, net assets of $0.