Buddhist Association of America

Analysis

Buddhist Association of America is a registered charity in United States, based in Fort Belvoir, VA. It received its IRS tax-exemption ruling in March 1987, 39 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, Buddhist Association of America reported income of $347k and spending of $242k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $324k to $347k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Buddhist Association of America sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Islamic Community Center Inc ($347k), Ministerio Fraternidad Cristiana Internacional Inc ($347k) and Hollywood Prayer Network Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $2.5m against liabilities of $26k, net assets of $2.5m.