North Carolina Buddhist Association

Analysis

North Carolina Buddhist Association is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1994, 32 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, North Carolina Buddhist Association reported income of $212k and spending of $186k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $178k to $212k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Buddhist Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Eating Disorders Research Society ($212k), Good Shepherd Foundation ($212k) and Harmony House North Association ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.