Watpa Buddhayan Mediation Center Inc

Analysis

Watpa Buddhayan Mediation Center Inc is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in December 2008, 18 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, Watpa Buddhayan Mediation Center Inc reported income of $375k and spending of $591k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $375k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2020, when income rose by 329%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Watpa Buddhayan Mediation Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Central Presbyterian Foundation of Lafayette Ind Inc ($375k), One Name Ministry Inc ($375k) and Homeless Id Project ($375k).

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 $1.7m against liabilities of $1.7m, net assets of $0.