Buddhist Association of Dharma Sources

Analysis

Buddhist Association of Dharma Sources is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in September 2005, 21 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, Buddhist Association of Dharma Sources reported income of $98k and spending of $21k, leaving 79% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $75k to $98k (+30%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 159%. Over the whole period it spent 31% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Buddhist Association of Dharma Sources sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within GA. Charities of a similar size with the same main cause include Jewish Youth Encounter Program Inc ($98k), Covenant Renewal Ministries Incorporated ($98k) and Joey Hamby Ministries Inc ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $738k against liabilities of $0, net assets of $738k.