Buddhas Light Hsi Lai School

Analysis

Buddhas Light Hsi Lai School is a registered charity in United States, based in Hacienda HTS, CA. It received its IRS tax-exemption ruling in November 1992, 34 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Buddhas Light Hsi Lai School reported income of $719k and spending of $662k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $608k to $719k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buddhas Light Hsi Lai School sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include We Care Arts ($719k), Newton Christian Day School Assn ($719k) and Lakeshore Communications Inc ($719k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 93% of the total. Other salaries and wages came to $333k. At year end it held assets of $1.0m against liabilities of $3,492, net assets of $1.0m.