Dharma Drum Retreat Center Inc

Analysis

Dharma Drum Retreat Center Inc is a registered charity in United States, based in Pine Bush, NY. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Dharma Drum Retreat Center Inc reported income of $714k and spending of $659k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $714k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Dharma Drum Retreat Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Hope Out Loud ($714k), Al-Sadiq Islamic Center Inc ($714k) and Drepung Loseling Institute of Texas ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 31% of the total. Other salaries and wages came to $22k. At year end it held assets of $3.8m against liabilities of $12k, net assets of $3.8m. It reported 8 employees.