Wat Sovannasam Meditation a Non Profit Religious Corporation

Analysis

Wat Sovannasam Meditation a Non Profit Religious Corporation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in January 2015, 11 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, Wat Sovannasam Meditation a Non Profit Religious Corporation reported income of $72k and spending of $68k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21k to $72k (+241%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wat Sovannasam Meditation a Non Profit Religious Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Shiv Uma Ganesh Mandir ($72k), Love for Souls Evangelistic Globaloutreach Ministry Inc ($72k) and Konchok Foundation ($72k).

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 $486k against liabilities of $457k, net assets of $29k.