Barre Center for Buddhist Studies Inc

Analysis

Barre Center for Buddhist Studies Inc is a registered charity in United States, based in Barre, MA. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Barre Center for Buddhist Studies Inc reported income of $2.4m and spending of $2.0m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.4m (+66%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Barre Center for Buddhist Studies Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Pecometh United Methodist Camp and Retreat Ministries Inc ($2.4m), Kontaktmission U S a ($2.4m) and St Philip the Apostle Foundation Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $114k (5.6% of expenses). Other salaries and wages came to $603k. At year end it held assets of $7.1m against liabilities of $145k, net assets of $7.0m. It reported 21 employees.