Fa-Sheng Temple of the American Seattle Buddhist Association

Analysis

Fa-Sheng Temple of the American Seattle Buddhist Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1984, 42 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, Fa-Sheng Temple of the American Seattle Buddhist Association reported income of $2.8m and spending of $317k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $696k to $2.8m (+308%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 1267%. Over the whole period it spent 44% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fa-Sheng Temple of the American Seattle Buddhist Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Love One Another Embassy Inc ($2.8m), Iglesia de Dios Pentecostal Region Sudeste Eua ($2.8m) and Vision Communications International ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13.2m against liabilities of $742k, net assets of $12.4m.