Wat Yarnna Rangsee Buddhist Monastery

Analysis

Wat Yarnna Rangsee Buddhist Monastery is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in February 1990, 36 years ago. 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, Wat Yarnna Rangsee Buddhist Monastery reported income of $381k and spending of $306k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $381k (+242%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wat Yarnna Rangsee Buddhist Monastery sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Learn Tampa Bay Inc ($381k), Amib Endowment Fund Inc ($381k) and Spectroscopy Society of Pittsburgh ($381k).

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 $2.0m against liabilities of $0, net assets of $2.0m.