Quong Ming Buddhism & Taoism Society of San Francisco

Analysis

Quong Ming Buddhism & Taoism Society of San Francisco is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1977, 49 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, Quong Ming Buddhism & Taoism Society of San Francisco reported income of $364k and spending of $253k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $364k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Quong Ming Buddhism & Taoism Society of San Francisco sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Islamic Society of Greater Philadelphia ($364k), Shine Ministries Inc ($364k) and Joel Gregory Ministries ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $42k (17% of expenses). At year end it held assets of $3.0m against liabilities of $5,250, net assets of $3.0m. It reported 1 employees.