Vietnamese Buddhist Community of Tacoma and Vicinity

Analysis

Vietnamese Buddhist Community of Tacoma and Vicinity is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in September 1997, 29 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 2020, Vietnamese Buddhist Community of Tacoma and Vicinity reported income of $107k and spending of $56k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income fell from $145k to $107k (-26%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese Buddhist Community of Tacoma and Vicinity sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 34th percentile within WA. Charities of a similar size with the same main cause include Fish Farm Ministries Inc ($107k), Equip Life Ministries ($107k) and Community Chaplain Services Inc ($107k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $187k, net assets of $1.5m.