Wa Nam Buddhist Association

Analysis

Wa Nam Buddhist Association is a registered charity in United States, based in Alhambra, CA. It received its IRS tax-exemption ruling in June 2009, 17 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, Wa Nam Buddhist Association reported income of $72k and spending of $65k, spending 90% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $310k to $72k (-77%), an average of -52% a year. The sharpest change came in the year to December 2022, when income dropped by 80%. Over the whole period it spent 41% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wa Nam Buddhist Association sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Kachin American Baptist Association ($72k), Outdoor Ministry Supply ($72k) and For His Glory Ministry ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $17k (26% of expenses). Other salaries and wages came to $1,200. At year end it held assets of $1.0m against liabilities of $806k, net assets of $229k. It reported 3 employees.