New Dharma

Analysis

New Dharma is a registered charity in United States, based in Washoe Valley, NV. It received its IRS tax-exemption ruling in December 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, New Dharma reported income of $200k and spending of $690k, spending 344% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $760k to $200k (-74%), an average of -28% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Dharma sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 59th percentile within NV. Charities of a similar size with the same main cause include Essential2life Inc ($200k), Theology of the Body Cleveland ($200k) and Extraordinary Mission ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 93% of the total. Other salaries and wages came to $35k. At year end it held assets of $1.9m against liabilities of $121k, net assets of $1.8m. It reported 1 employees.