Samadhi Chan Monastery Happy Buddhist Association

Analysis

Samadhi Chan Monastery Happy Buddhist Association is a registered charity in United States, based in Elmhurst, NY. It received its IRS tax-exemption ruling in June 2004, 22 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Samadhi Chan Monastery Happy Buddhist Association reported income of $851k and spending of $133k, leaving 84% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $108k to $851k (+686%), an average of +68% a year. The sharpest change came in the year to March 2022, when income rose by 540%. Over the whole period it spent 23% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Samadhi Chan Monastery Happy Buddhist Association sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include District of Washington of the Society of St Vincent de Paul Inc ($851k), Embroiderers Guild of America Inc ($851k) and Institute of Nautical Archaelolgy Foundation ($851k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $3.3m against liabilities of $1.1m, net assets of $2.2m.