Chinese Confucius Temple of Los Angeles Inc

Analysis

Chinese Confucius Temple of Los Angeles Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1969, 57 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, Chinese Confucius Temple of Los Angeles Inc reported income of $180k and spending of $198k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $337k to $180k (-47%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 114% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chinese Confucius Temple of Los Angeles Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Ancient Christian Foundation ($180k), Recentered-Life ($180k) and His Outreach Worldwide Inc ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Other salaries and wages came to $131k. At year end it held assets of $788k against liabilities of $0, net assets of $788k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.