Watlao Thammajadi Buddhist Temple

Analysis

Watlao Thammajadi Buddhist Temple is a registered charity in United States, based in Woonsocket, RI. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Watlao Thammajadi Buddhist Temple reported income of $194k and spending of $176k, spending 91% of its income. Across the 6 years on record, from December 2017 to December 2023, income grew from $103k to $194k (+89%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 313%. Over the whole period it spent 46% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Watlao Thammajadi Buddhist Temple sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 49th percentile within RI. Charities of a similar size with the same main cause include Redeemed Ministries Inc ($194k), Rabbinical Study - Ohel Shlomo Inc ($194k) and Shine School Partnership ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $632k against liabilities of $0, net assets of $632k.