Hai Tang Temple

Analysis

Hai Tang Temple is a registered charity in United States, based in West Covina, CA. It received its IRS tax-exemption ruling in June 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, Hai Tang Temple reported income of $141k and spending of $94k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $141k (+333%), an average of +333% a year. The sharpest change came in the year to December 2023, when income rose by 333%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hai Tang Temple sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Iglesia Apostoles Y Profetas Efesios 2-20 ($141k), Thee House Uv-Bethel ($141k) and Reality and Truth Ministries ($141k).

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 $65k against liabilities of $0, net assets of $65k.