Charity
BUDDHIST TZU CHI MERIT ORGANIZATION (SINGAPORE) LTD.
About
What does BUDDHIST TZU CHI MERIT ORGANIZATION (SINGAPORE) LTD. do?
The Buddhist Tzu Chi Merit Organization (Singapore) Ltd is a charitable organization dedicated to promoting kindness, compassion, joy and giving through education and community service. They aim to provide assistance locally and overseas, organize humanitarian activities, promote Buddhist culture and education, support organizations in areas of charity, medical, education and humanity activities, and foster a spirit of volunteerism within the community.
Founded
2016
People
low swee seh, boh shuhui (mo shuhui), chang chung kuei-chen, chang horng-lin, keng lim@lim wei kheng, tan yong kwang, alex, toh kim kiat
Causes
Health & WellnessEducationChildrenHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2016
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promoting kindness, compassion, joy and giving through education.
- Disseminating the Buddha's teachings and promoting Buddhist culture and education.
- Providing assistance to non-residents locally and/or overseas.
- Organizing international humanitarian activities.
- Promoting community awareness and volunteer services.
- Supporting organizations in areas of charity, medical, education, and humanity activities that align with the company's spirit.
Donation Income
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Promoting kindness, compassion, joy and giving through education.
- Disseminating the Buddha's teachings and promoting Buddhist culture and education.
- Providing assistance to non-residents locally and/or overseas.
- Organizing international humanitarian activities.
- Promoting community awareness and volunteer services.
- Supporting organizations in areas of charity, medical, education, and humanity activities that align with the company's spirit.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 274,777 | 1,204,854 | 1,161,924 |
| Total Donations in Cash | 274,777 | 1,204,854 | 1,161,924 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 214,677 | 612,551 | 0 |
| Total Donations in Kind | 214,677 | 612,551 | 0 |
| Government Grants | 0 | 0 | 0 |
| Investment Income | 45,825 | 50,532 | 60,457 |
| Programme Fees | 0 | 0 | 0 |
| Others Income | 69,734 | 0 | 0 |
| Total Receipts | 605,013 | 1,867,937 | 1,222,381 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 65,260 | 24,035 | 70,331 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 724,065 | 75,238 | 59,789 |
| Overseas (Direct & Support) | 0 | 1,114,067 | 192,621 |
| Charitable Activities/Programme Expenses | 724,065 | 1,189,305 | 252,410 |
| Expenses | |||
| Other Expenses | 138,201 | 154,465 | 148,546 |
| Total Expenditure | 927,526 | 1,367,805 | 471,287 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 2,663,324 | 0 | 0 |
| Other Tangible Assets | 8,185 | 11,737 | 4,761 |
| Investments | 26 | 26 | 26 |
| Inventories | 154,103 | 0 | 0 |
| Account Receivables | 0 | 0 | 0 |
| Cash & Deposits | 4,545,123 | 4,113,676 | 6,936,783 |
| Other Assets | 32,223 | 3,213,900 | 58,111 |
| Total Assets | 7,402,984 | 7,339,339 | 6,999,681 |
| Funds | |||
| Total Unrestricted Funds | 6,863,904 | 7,186,416 | 6,686,286 |
| Total Restricted Funds | 0 | 0 | 0 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 6,863,904 | 7,186,416 | 6,686,286 |
| Liabilities | |||
| Total Current Liabilities | 539,080 | 123,254 | 313,395 |
| Total Non-Current Liabilities | 0 | 29,669 | 0 |
| Total Liabilities | 539,080 | 152,923 | 313,395 |
| Total Funds and Liabilities | 7,402,984 | 7,339,339 | 6,999,681 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 0 | 0 | 0 |
| Total Employee Cost | 0 | 0 | 0 |
| Fudnraisig Efficiency Ratio | 24 | 2 | 5 |
| Total Related Party Transactions | 173,779 | 3,332,482 | 204,794 |
People
People at the Buddhist Tzu Chi Merit Organization (Singapore) Ltd are dedicated to promoting kindness, compassion, joy, and giving through education and community service. They provide assistance locally and overseas, organize humanitarian activities, promote Buddhist culture and education, support organizations in areas of charity, medical, education, and humanity activities, and foster a spirit of volunteerism within the community.
low swee seh
boh shuhui (mo shuhui)
chang chung kuei-chen
chang horng-lin
keng lim@lim wei kheng
tan yong kwang, alex
toh kim kiat
News
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