Benevolent Buddhist Temple Inc

Analysis

Benevolent Buddhist Temple Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in March 2010, 16 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, Benevolent Buddhist Temple Inc reported income of $682k and spending of $391k, leaving 43% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $204k to $682k (+234%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 479%. Over the whole period it spent 48% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Benevolent Buddhist Temple Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Episcopal Foundation of Dallas ($682k), B a C Associates Inc ($683k) and Gurdwara Guru Angad Darbar Inc ($682k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (22% of expenses). At year end it held assets of $1.6m against liabilities of $4,624, net assets of $1.5m. It reported 2 employees.