Pacific Buddhist Academy

Analysis

Pacific Buddhist Academy is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pacific Buddhist Academy reported income of $2.2m and spending of $2.3m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.2m (+25%), an average of +5.7% a year. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pacific Buddhist Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within HI. Charities of a similar size with the same main cause include Denver Biennial of the Americas Corporation ($2.2m), National Association of Teachers of Singing Inc ($2.2m) and Federated Youth Foundation Inc 1810 South Park Street ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $136k (6.0% of expenses). Other salaries and wages came to $902k. At year end it held assets of $10.3m against liabilities of $182k, net assets of $10.1m. It reported 28 employees.