Loving Kindness Buddhist Meditation Center Tu Tam Temple

Analysis

Loving Kindness Buddhist Meditation Center Tu Tam Temple is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in March 2017, 9 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, Loving Kindness Buddhist Meditation Center Tu Tam Temple reported income of $124k and spending of $45k, leaving 64% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $52k to $124k (+138%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 55% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Loving Kindness Buddhist Meditation Center Tu Tam Temple sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within WA. Charities of a similar size with the same main cause include Church of God Oasis de Amor ($124k), Holy Land Christian Ecumenical Foundation Inc ($124k) and Beyth Pelet Ministries Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $376k against liabilities of $7,425, net assets of $368k.