Southern Dharma Retreat Center Inc

Analysis

Southern Dharma Retreat Center Inc is a registered charity in United States, based in Hot Springs, NC. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Southern Dharma Retreat Center Inc reported income of $625k and spending of $519k, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $463k to $625k (+35%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Southern Dharma Retreat Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Yeshivat Noam Ezra ($625k), Bukharian Jewish Congregation of Hillcrest Inc ($625k) and American Muslim Diversity Association ($625k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 18% and program service revenue 80% of the total. Other salaries and wages came to $143k. At year end it held assets of $1.4m against liabilities of $128k, net assets of $1.3m. It reported 13 employees.