Ngoc Hiep Meditation Center

Analysis

Ngoc Hiep Meditation Center is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in October 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, Ngoc Hiep Meditation Center reported income of $63k and spending of $52k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $16k to $63k (+300%), an average of +300% a year. The sharpest change came in the year to December 2023, when income rose by 300%. Over the whole period it spent 66% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ngoc Hiep Meditation Center sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Triangle Christian Services Inc ($63k), American Friends of Agudath Athava Veahva ($63k) and Passion for Souls Transforming Lives Outreach ($63k).

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 $23k against liabilities of $12k, net assets of $11k.