Dharma Drum Mountain Buddhist Association-Washington

Analysis

Dharma Drum Mountain Buddhist Association-Washington is a registered charity in United States, based in Woodinville, WA. It received its IRS tax-exemption ruling in September 2006, 20 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, Dharma Drum Mountain Buddhist Association-Washington reported income of $1.3m and spending of $91k, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.9m to $1.3m (-67%), an average of -68% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 2.8% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Dharma Drum Mountain Buddhist Association-Washington sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include United Campus Ministry ($1.3m), Get a Life Ministries Inc ($1.3m) and Emmaus Ministries ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. At year end it held assets of $5.7m against liabilities of $200k, net assets of $5.5m.