Buddhist Tzu Chi Medical Foundation

Analysis

Buddhist Tzu Chi Medical Foundation is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Buddhist Tzu Chi Medical Foundation reported income of $6.0m and spending of $7.0m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $6.0m (+8.1%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Buddhist Tzu Chi Medical Foundation 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 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Narrative 4 Inc ($6.0m), American Friends of the Rambam Medical Center ($6.1m) and Junior Achievement of New York ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $670k (9.5% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $7.8m against liabilities of $656k, net assets of $7.1m. It reported 80 employees.