Vietnamese Buddhist Church of America

Analysis

Vietnamese Buddhist Church of America is a registered charity in United States, based in E Palo Alto, CA. It received its IRS tax-exemption ruling in May 1981, 45 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 2023, Vietnamese Buddhist Church of America reported income of $1.2m and spending of $163k, leaving 87% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $556k to $1.2m (+122%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 371%. Over the whole period it spent 16% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vietnamese Buddhist Church of America sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Mental Health Association in Beaver County ($1.2m), Jessie T Langworthy Trust ($1.2m) and Helping Captives ($1.2m).

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 $3.9m against liabilities of $0, net assets of $3.9m.