Dami Buddhism Association

Analysis

Dami Buddhism Association is a registered charity in United States, based in New Hyde Park, NY. It received its IRS tax-exemption ruling in September 2014, 12 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 July 2022, Dami Buddhism Association reported income of $5.3m and spending of $282k, leaving 95% of income unspent that year. Across the 4 years on record, from July 2019 to July 2022, income grew from $2.3m to $5.3m (+132%), an average of +32% a year. The sharpest change came in the year to July 2021, when income rose by 237%. Over the whole period it spent 7.8% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Dami Buddhism Association sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Sean Feucht Ministries Inc ($5.3m), Encounter Ministry Inc ($5.3m) and Influence Church ($5.3m).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $34k (12% of expenses). At year end it held assets of $17.6m against liabilities of $2.4m, net assets of $15.2m.