Hua Shia Buddhist Association

Analysis

Hua Shia Buddhist Association is a registered charity in United States, based in Monterey Park, CA. It received its IRS tax-exemption ruling in February 1988, 38 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 June 2023, Hua Shia Buddhist Association reported income of $65k and spending of $93k, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $109k to $65k (-41%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 35%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hua Shia Buddhist Association sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Water Works Operators Association of Pa ($65k), PTA California Congress of Parents Teachers & Students Inc ($65k) and Fayette Music Boosters Inc ($65k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.0m against liabilities of $297k, net assets of $1.7m.

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.