Sino American Buddhist Cultural Center Inc-Fa Kwang Temple

Analysis

Sino American Buddhist Cultural Center Inc-Fa Kwang Temple is a registered charity in United States, based in Downey, 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 December 2023, Sino American Buddhist Cultural Center Inc-Fa Kwang Temple reported income of $434k and spending of $299k, leaving 31% of income unspent that year. Across the 6 years on record, from July 2018 to December 2023, income grew from $403k to $434k (+7.7%), an average of +1.5% a year. The sharpest change came in the year to June 2020, when income rose by 118%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sino American Buddhist Cultural Center Inc-Fa Kwang Temple sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Collinwood and Nottingham Village Development Corporation ($434k), The First Stone Ministries Inc ($434k) and Colorado Womens Education Foundation ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $35k (12% of expenses). At year end it held assets of $9.2m against liabilities of $0, net assets of $9.2m. It reported 2 employees.