Chinese-Vietnamese Buddhist Association

Analysis

Chinese-Vietnamese Buddhist Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1992, 34 years ago. 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 2022, Chinese-Vietnamese Buddhist Association reported income of $84k and spending of $83k, spending 99% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $1.5m to $84k (-94%), an average of -94% a year. The sharpest change came in the year to December 2022, when income dropped by 94%. Over the whole period it spent 10% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chinese-Vietnamese Buddhist Association sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 27th percentile within WA. Charities of a similar size with the same main cause include Bread of Life International Church of God Inc ($84k), The Barnacle Society Inc ($84k) and Sharon Historical Society Inc ($84k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.