The Wat Lao American Buddhist Center of High Point North Carolin

Analysis

The Wat Lao American Buddhist Center of High Point North Carolin is a registered charity in United States, based in Archdale, NC. It received its IRS tax-exemption ruling in February 2003, 23 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2023, The Wat Lao American Buddhist Center of High Point North Carolin reported income of $91k and spending of $43k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $91k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Wat Lao American Buddhist Center of High Point North Carolin sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Tiger Paws a Not for Profit Organization ($91k), Virginia Congress of Parents and Teachers ($91k) and Youth Symphony Orchestra of East Central Indiana Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $269k against liabilities of $45k, net assets of $224k.