Sakyamuni Buddhist Meditation Association

Analysis

Sakyamuni Buddhist Meditation Association is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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, Sakyamuni Buddhist Meditation Association reported income of $1.9m and spending of $300k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $1.9m (+2160%), an average of +118% a year. The sharpest change came in the year to December 2023, when income rose by 490%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sakyamuni Buddhist Meditation Association sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include San Diego Junior Theatre ($1.9m), Metro Community Ministries ($1.9m) and Teen Parent Connection Inc ($1.9m).

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 $4.5m against liabilities of $396k, net assets of $4.1m.