Buddha Haksa Corporation

Analysis

Buddha Haksa Corporation is a registered charity in United States, based in Waukesha, WI. It received its IRS tax-exemption ruling in July 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Buddha Haksa Corporation reported income of $103k and spending of $69k, leaving 34% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $184k to $103k (-44%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 263%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buddha Haksa Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within WI. Charities of a similar size with the same main cause include Michigan Environmental Health Association Inc ($103k), Friends of the Napa City County Library ($103k) and Foundation for Good Business ($103k).

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 $2.4m against liabilities of $0, net assets of $2.4m.