MP Prajna Buddhist Mission Inc

Analysis

MP Prajna Buddhist Mission Inc is a registered charity in United States, based in Monterey Park, CA. It received its IRS tax-exemption ruling in June 2015, 11 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, MP Prajna Buddhist Mission Inc reported income of $460k and spending of $469k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $460k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, MP Prajna Buddhist Mission Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Mineral Wells Center of Life ($459k), Snowboarders & Skiers for Christ ($460k) and Heits Point Lutheran Ministries Inc ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $136k (29% of expenses). Other salaries and wages came to $51k. At year end it held assets of $162k against liabilities of $151k, net assets of $11k. It reported 8 employees.