Kalachakra Buddha Association

Analysis

Kalachakra Buddha Association is a registered charity in United States, based in Farmersville, TX. It received its IRS tax-exemption ruling in September 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, Kalachakra Buddha Association reported income of $916k and spending of $427k, leaving 53% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $405k to $916k (+126%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 46% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kalachakra Buddha Association sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Boy with a Ball Ministries ($916k), Faith for Today Inc ($916k) and Shemtov Kinder Inc ($915k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $5.4m against liabilities of $1.4m, net assets of $4.0m.