The Buddhist Center of New England Inc

Analysis

The Buddhist Center of New England Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 1999, 27 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, The Buddhist Center of New England Inc reported income of $333k and spending of $76k, leaving 77% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $67k to $333k (+397%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 431%. Over the whole period it spent 47% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Buddhist Center of New England Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within RI. Charities of a similar size with the same main cause include Free Indeed ($333k), Hana Mission ($333k) and Hands of Hope International ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $843k against liabilities of $0, net assets of $843k.