Phap Hai Buddhist Temple
- Assets
- $99.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-5484109
Organization Overview
Phap Hai Buddhist Temple is located in Seattle, WA. The organization was established in 2017. 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. Phap Hai Buddhist 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 12/2021, Phap Hai Buddhist Temple generated $65.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 67.2% each year . All expenses for the organization totaled $28.4k during the year ending 12/2021. While expenses have increased by 41.5% per year over the past 5 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
2021
Describe the Organization's Program Activity:
Part 3
TO DEVELOP GLOBAL AND COMMUNITY COMPASSION IN THE HEART OF SEATTLE THROUGH BUDDHIST PRACTICE OF MINDFULNESS, MEDITATION, WORKSHIP THAT EMBRACES AND IS ACCESSIBLE TO ALL.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,367 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,367 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,000 |
| Occupancy, rent, utilities, and maintenance | $767 |
| Printing, publications, postage, and shipping | $926 |
| Other expenses | $21,691 |
| Total expenses | $28,384 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $99,506 |
| Other assets | $0 |
| Total assets | $99,506 |
| Total liabilities | $0 |
| Net assets or fund balances | $99,506 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sheng-Yen Lu Foundation Redmond, WA | $13,329,663 | $1,856,075 |
Seattle Meditation Center Mountlake Terrance, WA | $2,480,569 | $886,146 |
Friends Of Cloud Mountain Castle Rock, WA | $2,182,059 | $720,638 |
Center For The Practice Of Zen Buddhist Meditation Sequim, WA | $1,632,156 | $459,776 |
Oregon Meditation Center Portland, OR | $1,627,146 | $324,907 |
Pariyatti Onalaska, WA | $667,319 | $352,710 |
Vietnamese Buddhist Meditation Congregation Renton, WA | $396,049 | $0 |
Northwest Zen Sangha Portland, OR | $5,044,797 | $760,154 |
Khmer Buddhist Society Seattle, WA | $563,332 | $691,313 |
Intermountain Vipassana Association Inc Lava Hot Springs, ID | $1,668,454 | $181,845 |
Vietnamese Buddhist Community Co Lam Temple Seattle, WA | $637,519 | $153,346 |
Buddhist Community Of Oregon Portland, OR | $0 | $148,588 |