Ming Ya Buddhist Foundation of Los Angeles

Analysis

Ming Ya Buddhist Foundation of Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1984, 42 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, Ming Ya Buddhist Foundation of Los Angeles reported income of $1.4m and spending of $328k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 34% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ming Ya Buddhist Foundation of Los Angeles sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Kidz 2 Leaders Inc ($1.4m), Many Mansions Ministries ($1.4m) and Detroit Catholic Pastoral Alliance ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $17.3m against liabilities of $0, net assets of $17.3m.