Buddhist Tzu Chi Education Foundation

Analysis

Buddhist Tzu Chi Education Foundation is a registered charity in United States, based in Walnut, CA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Buddhist Tzu Chi Education Foundation reported income of $6.1m and spending of $6.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $6.1m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Buddhist Tzu Chi Education Foundation sits at the 90th percentile: it is larger than about 90% 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 Dsu Heritage Foundation ($6.1m), Oakwood Services International ($6.1m) and Oklahoma State University Research Foundation Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $3.1m against liabilities of $805k, net assets of $2.2m. It reported 120 employees.