Western American Buddhist Association

Analysis

Western American Buddhist Association is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1973, 53 years ago. 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, Western American Buddhist Association reported income of $280k and spending of $33k, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $280k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 10% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Western American Buddhist Association sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Y D N Foundation Inc ($280k), Healing the Children ($280k) and PTA Kentucky Congress ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $5.2m against liabilities of $0, net assets of $5.2m.