Overview
What is Quang Duc Buddhist Center?
Quang Duc Buddhist Center, situated in Houston, Texas, serves as a spiritual hub for the local Buddhist community. Its primary purpose is to provide a sanctuary for worship and the practice of Buddhism. The center fosters youth activities and encourages members to delve deeper into their faith through study. The organization's initiatives include fundraising to support youth programs and organizing traditional Vietnamese New Year celebrations. The center is exclusively dedicated to religious practices, offering no other services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Quang Duc Buddhist Center has received a low score of 58% from Charity Navigator, which results in a One-Star rating. This rating reflects various accountability and financial management issues within the organization, particularly concerning the lack of financial statements, missing policies, and no available documentation of board meeting minutes. Although the organization has a fully independent board in terms of member independence, these other shortcomings significantly impact its overall financial health and transparency.
Despite its financial management issues, Quang Duc Buddhist Center shows a strong commitment to its programs, as evidenced by a program expense ratio of 71.76%. This suggests that a significant portion of its funds are directed towards fulfilling its mission rather than administrative expenses. Additionally, the organization maintains a low liabilities to assets ratio of 14.16%, indicating that it is not heavily burdened by debt.
However, the notable absence of key financial documentation and policies is a considerable limitation, pointing to potential governance weaknesses. The lack of transparency in financial reporting and the absence of critical operational policies may deter potential donors who prioritize accountability and proper management in their charitable giving decisions.
This AI summary has been generated from information found on Charity Navigator.
Is Quang Duc Buddhist Center legitimate?
Quang Duc Buddhist Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Quang Duc Buddhist Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Quang Duc Buddhist Center?
The Quang Duc Buddhist Center is dedicated to serving as a sanctuary for Buddhist followers, offering a venue for religious practices and studies. Its primary objective is to establish a place of worship and provide opportunities for youth activities, allowing Buddhist members to deepen their spiritual journey. Beyond religious services, the center does not offer any additional services. Among its programs, the center raises funds to support youth activities and celebrates the traditional Vietnamese New Year.
Who is the CEO of Quang Duc Buddhist Center?
Duc Le is the President of Quang Duc Buddhist Center.
What is the revenue of Quang Duc Buddhist Center?
Quang Duc Buddhist Center's revenue in 2022 was $536,670.
Who are the executives of Quang Duc Buddhist Center and what are their salaries?
There 50 volunteers at Quang Duc Buddhist Center.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Quang Duc Buddhist Center?
Quang Duc Buddhist Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Quang Duc Buddhist Center
Quang Duc Buddhist Center, a religious organization, is dedicated to serving its Buddhist community in Houston, Texas. The organization's primary mission is to establish a sanctuary for worship, youth activities, and a space for members to immerse themselves in the study of Buddhism. Unlike other organizations, Quang Duc Buddhist Center focuses exclusively on providing spiritual services, eschewing the provision of any additional services.
The core objective of Quang Duc Buddhist Center is to provide a conducive environment for Buddhist followers to practice their faith and deepen their understanding of Buddhism. This includes organizing activities and events that cater to the spiritual needs of its members. One such event is the traditional Vietnamese New Year celebration, which brings the community together to celebrate their cultural heritage while reinforcing their religious beliefs.
Moreover, Quang Duc Buddhist Center raises funds to support its dharma hall, ensuring that it remains a functional and welcoming space for youth activities. By prioritizing these religious and cultural activities, the center aims to foster a strong and active Buddhist community. In summary, Quang Duc Buddhist Center serves as a beacon of faith and spiritual growth for its members, providing a place for worship, youth activities, and the pursuit of Buddhist knowledge.
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Impact
July, 2024
The Quang Duc Buddhist Center's impact is primarily focused on providing a place of worship for Buddhists in Houston, TX. Additionally, it serves as a space for youth activities and for Buddhist members to practice and study Buddhism. The center's programs include fundraising for the dharma hall to support youth activities and hosting traditional Vietnamese New Year celebrations. The organization's mission of establishing a place for worship and learning within the Buddhist community contributes to the spiritual growth and cultural engagement of its members.
This information is meant to be a general summary of Quang Duc Buddhist Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $593,142
Assets and Liabilities:
- Total Assets: $2,471,194
- Total Liabilities: $350,000
- Net Assets: $2,121,194
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Organization Details
Founding Year
2008
Principal Officer
Duc Le
Main Address
17703 FRENCH RD, HOUSTON, TX, 770842401
NTEE Category
Code: X50 - Religion related
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