Dharma Seal Monastery Inc

Analysis

Dharma Seal Monastery Inc is a registered charity in United States, based in Walden, NY. It received its IRS tax-exemption ruling in March 2008, 18 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 July 2024, Dharma Seal Monastery Inc reported income of $121k and spending of $116k, spending 96% of its income. Across the 6 years on record, from July 2019 to July 2024, income fell from $171k to $121k (-29%), an average of -6.7% a year. The sharpest change came in the year to July 2020, when income dropped by 53%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Dharma Seal Monastery Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Glory Temple Ministries Inc ($121k), Rock of Ages Festival Ministries Inc ($121k) and Ozark Christian Missions ($121k).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $7,200 (6.2% of expenses). At year end it held assets of $1.0m against liabilities of $280k, net assets of $758k. It reported 1 employees.