Drepung Loseling Institute of Texas

Analysis

Drepung Loseling Institute of Texas is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 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, Drepung Loseling Institute of Texas reported income of $713k and spending of $299k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $548k to $713k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Drepung Loseling Institute of Texas sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Global Evangelical Missions Society ($713k), Hope Out Loud ($714k) and Interfaith Center of Greater Philadelphia ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (16% of expenses). At year end it held assets of $2.9m against liabilities of $436k, net assets of $2.5m. It reported 2 employees.