Mongkoltepmunee Buddist Temple

Analysis

Mongkoltepmunee Buddist Temple is a registered charity in United States, based in Bensalem, PA. It received its IRS tax-exemption ruling in January 1986, 40 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, Mongkoltepmunee Buddist Temple reported income of $433k and spending of $411k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $369k to $433k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mongkoltepmunee Buddist Temple sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include For the Love of Africa Ministries Inc ($433k), Cultivate Missions ($434k) and Peak 7 Adventures ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 73% of the total. At year end it held assets of $6.1m against liabilities of $1,481, net assets of $6.1m.