Kumbum Chamtse-Ling Inc

Analysis

Kumbum Chamtse-Ling Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in February 2007, 19 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, Kumbum Chamtse-Ling Inc reported income of $553k and spending of $246k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $496k to $553k (+11%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kumbum Chamtse-Ling Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include Lamp Ministry Inc ($552k), Abigayle Ministries ($553k) and Tim Sheets Ministries Inc ($552k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $24k (9.8% of expenses). Other salaries and wages came to $9,000. At year end it held assets of $1.4m against liabilities of $3,308, net assets of $1.4m. It reported 3 employees.