Theravada Buddhist Association-Michigan

Analysis

Theravada Buddhist Association-Michigan is a registered charity in United States, based in Mulliken, MI. 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, Theravada Buddhist Association-Michigan reported income of $286k and spending of $48k, leaving 83% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $106k to $286k (+169%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 207%. Over the whole period it spent 42% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Theravada Buddhist Association-Michigan sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Austin Krishnas Inc ($285k), Yancy Ministries Inc ($286k) and Enkas Usir Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $691k against liabilities of $15k, net assets of $676k.