Won Buddhism of the USA Inc

Analysis

Won Buddhism of the USA Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in February 1991, 35 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, Won Buddhism of the USA Inc reported income of $248k and spending of $183k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $331k to $248k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Won Buddhism of the USA Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include First Emmanuel Assembly of God ($248k), Mechon Maharal Tzintz ($248k) and Invest Leadership Initiative Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $17k (9.2% of expenses). Other salaries and wages came to $8,400. At year end it held assets of $2.5m against liabilities of $111k, net assets of $2.4m. It reported 3 employees.