Drikung Kagyu Foundation USA

Analysis

Drikung Kagyu Foundation USA is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Drikung Kagyu Foundation USA reported income of $150k and spending of $92k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $405k to $150k (-63%), an average of -63% a year. The sharpest change came in the year to December 2023, when income dropped by 63%. Over the whole period it spent 27% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Drikung Kagyu Foundation USA sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include African Missions North America Chapter ($150k), Tulare County Outreach Inc ($150k) and Collegiate Ministry Group Inc ($150k).

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 $743k against liabilities of $0, net assets of $743k.