Wat Buddharam of North Carolina

Analysis

Wat Buddharam of North Carolina is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Wat Buddharam of North Carolina reported income of $113k and spending of $111k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $113k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 180%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wat Buddharam of North Carolina sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Kansas City Jazz Alive ($113k), South Hudson Music Project ($113k) and Imagination Theater Company ($113k).

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 $713k against liabilities of $0, net assets of $713k.