Wat Lao Xayabhoummaram

Analysis

Wat Lao Xayabhoummaram is a registered charity in United States, based in Cedar, MN. It received its IRS tax-exemption ruling in February 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, Wat Lao Xayabhoummaram reported income of $497k and spending of $89k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $315k to $497k (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 30% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wat Lao Xayabhoummaram sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Bread of Life International Inc ($497k), Care Plus Foundation Inc ($497k) and Rebridge ($497k).

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 $3.3m against liabilities of $1.6m, net assets of $1.8m.