Vietnamese United Buddhist Churches

Analysis

Vietnamese United Buddhist Churches is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1976, 50 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 United Buddhist Churches reported income of $97k and spending of $99k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $219k to $97k (-55%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vietnamese United Buddhist Churches sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include The Heads Up Youth Foundation Inc ($97k), Heralds of Good News Missionary Society Inc ($97k) and Fort Madison Area Arts Association ($97k).

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 $1.7m against liabilities of $0, net assets of $1.7m.