Ming Ya Buddhist Foundation Of Los Angeles

Organization Overview

Ming Ya Buddhist Foundation Of Los Angeles is located in Los Angeles, CA. The organization was established in 1984. 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. Ming Ya Buddhist Foundation Of Los Angeles 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, Ming Ya Buddhist Foundation Of Los Angeles generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $328.0k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE GENERAL PROGRAMS INCLUDING SENIOR AND YOUTH RECREATION ATHLETIC, SOCIAL ACTIVITIES, RELIGIOUS ACTIVITIES AND GENERAL ASSISTANCE TO ENCOURAGE CULTURAL AND RELIGIOUS UNDERSTANDING AND RELATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VARIOUS PROGRAMS INCLUDING SENIOR AND YOUTH RECREATION ATHLETIC, SOCIAL ACTIVITIES, RELIGIOUS ACTIVITIES AND GENERAL ASSISTANCE (INCLUDING DONATIONS TO ASSIST WITH HUMANITARIAN RELIEF EFFORTS)


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Board, Officers & Key Employees

Name (title)Compensation
Hugh Wei
President
$0
Sung Duong
Secretary
$0
William Chan
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$855,921
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$855,921
Total Program Service Revenue$0
Investment income $305,767
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $286,534
Net Gain/Loss on Asset Sales -$50,302
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,397,920

Grants Awarded

Over the last fiscal year, Ming Ya Buddhist Foundation Of Los Angeles has awarded $20,000 in support to 2 organizations.

Grant RecipientAmount

GLOBAL UNIFIED CHINESE ORGANI

PURPOSE: TO SUPPORT COMMUNITY

$10,000

US CHAO SHAN CHAMBER OF COMME

PURPOSE: TO SUPPORT INTERNATIONAL RELIEF

$10,000
View Grant Profile

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