Santa Monastery

Analysis

Santa Monastery is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in July 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 December 2023, Santa Monastery reported income of $129k and spending of $119k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $667k to $129k (-81%), an average of -42% a year. The sharpest change came in the year to December 2021, when income dropped by 61%. Over the whole period it spent 32% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Santa Monastery sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within CO. Charities of a similar size with the same main cause include Endowment Fund of the Rocky Mountain Conference of the United ($129k), Heart of America Council of Churches Inc ($129k) and Torch Sports Ministry ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $32k. At year end it held assets of $1.2m against liabilities of $86k, net assets of $1.1m. It reported 1 employees.