Fa Yuan Inc

Analysis

Fa Yuan Inc is a registered charity in United States, based in Middletown, NY. It received its IRS tax-exemption ruling in January 2023, 3 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, Fa Yuan Inc reported income of $754k and spending of $29k, leaving 96% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $754k (+543%), an average of +543% a year. The sharpest change came in the year to December 2023, when income rose by 543%. Over the whole period it spent 4.2% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fa Yuan Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Foundation of the Great Lakes Conference Churches of God General ($754k), Episcopal Church Home Foundation Inc ($754k) and Manny Arango Ministries Inc ($754k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 1.5% of the total. At year end it held assets of $1.2m against liabilities of $409k, net assets of $834k.