Wat Thormikaram of Rhode Island Inc

Analysis

Wat Thormikaram of Rhode Island Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in November 1999, 27 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, Wat Thormikaram of Rhode Island Inc reported income of $160k and spending of $237k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $160k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wat Thormikaram of Rhode Island Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within RI. Charities of a similar size with the same main cause include Freedom Rising Global Inc ($160k), Mansain Inc ($160k) and Uplifting Ministries Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $208k against liabilities of $0, net assets of $208k.