Fung Loy Kok Institute of Taoism is a 1-star charity with a low results reporting grade. It is not financially transparent and it can cover almost 14 years of program costs with current reserves. The charity's overhead costs are outside Ci's reasonable range for overhead spending. Before you give, read Charity Intelligence's report. 

Founded in 1983, the Fung Loy Kok Institute of Taoism (Fung Loy Kok) works to promote Taoist philosophy and Chinese culture through public education and maintaining temples and shrines. Its programs are primarily focused on communicating the teachings of master Moy Lin Shin. People who participate in its programs report a “a sense of lightness and well-being”.  

Fung Loy Kok Institute of Taoism is not financially transparent. It does not provide its audited financial statements. The redacted version used for analysis comes from the CRA Charities Directorate. At the time of the update, the F2023 audited financial statements were not available.

Fung Loy Kok Institute of Taoism received $854k in donations and special events revenue during F2022. It collected $342k in fees for service from participants, reflecting 24% of total revenues (less investment income).

Administrative costs are 70% of revenues and fundraising costs are 0.8% of donations, for a total overhead spending of 71%. For every dollar donated, 29 cents are available to go to the cause. This is outside of Ci’s reasonable range.

Fung Loy Kok reported a loss of $4.8m in investments in F2022, a 22% loss. Its five year average investment returns are -1%. 

Fung Loy Kok has $21.7m in reserve funds in F2022. The charity can cover 1382% of its F2022 program costs, meaning it can run programs at the F2022 level for almost 14 years. 

This charity report is an update to be sent to Fung Loy Kok Institute of Taoism for review. Changes and edits may be forthcoming.

Updated on August 2, 2024 by Ben Dobozy.