Phat Bao Temple
- Assets
- $349.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 36-4669614
Organization Overview
Phat Bao Temple is located in Philadelphia, PA. The organization was established in 2011. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phat Bao Temple is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Phat Bao Temple generated $83.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $48.5k during the year ending 12/2023. While expenses have increased by 13.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
HELPED COMMUNITY TO OVERCOME THE STRUGGLE OF SUFFERING SUCH AS SICKNESS, DEATH, DEPRESSION, ANXIETY, ADDICTION AND GAVE POSITIVE THOUGHTS AND FEELINGS THROUGH MEDICATION, TEACHING, CHANTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vui Tran President | 40 | $0 | |
Thanh Pham Head Monk | 40 | $14,000 | |
Cyndi Phung Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$52,000 |
| Other Revenue | $0 |
| Total Revenue | $83,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $14,300 |
| Salaries, other compensation, and employee benefits | $24,000 |
| Professional fees and other payments to independent contractors | $5,400 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $4,800 |
| Other expenses | $0 |
| Total expenses | $48,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $349,021 |
| Other assets | $0 |
| Total assets | $349,021 |
| Total liabilities | $0 |
| Net assets or fund balances | $349,021 |