Vietnamese American Buddhist Congregation

Analysis

Vietnamese American Buddhist Congregation is a registered charity in United States, based in San Gabriel, CA. It received its IRS tax-exemption ruling in June 1995, 31 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, Vietnamese American Buddhist Congregation reported income of $2.0m and spending of $289k, leaving 86% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $338k to $2.0m (+506%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 1499%. Over the whole period it spent 37% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese American Buddhist Congregation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Georgia Central University Inc ($2.0m), Pastorserve Inc ($2.0m) and Sermon on the Mount Inc ($2.0m).

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 $6.8m against liabilities of $9,437, net assets of $6.8m.