Kwan Yin Meditation Temple Inc

Analysis

Kwan Yin Meditation Temple Inc is a registered charity in United States, based in Monrovia, CA. It received its IRS tax-exemption ruling in April 1979, 47 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 May 2024, Kwan Yin Meditation Temple Inc reported income of $571k and spending of $216k, leaving 62% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $291k to $571k (+96%), an average of +18% a year. The sharpest change came in the year to May 2024, when income rose by 82%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kwan Yin Meditation Temple Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Spectrum Ministries Inc ($570k), Upper Arlington Swim Club Inc ($571k) and Oceana Senior Housing Corporation ($570k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $30k (14% of expenses). At year end it held assets of $7.4m against liabilities of $9,652, net assets of $7.4m. It reported 2 employees.