Wat Mongkolratanaram of FL Thai Buddhist Temple Interbay Area FL

Analysis

Wat Mongkolratanaram of FL Thai Buddhist Temple Interbay Area FL is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in February 1982, 44 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 Mongkolratanaram of FL Thai Buddhist Temple Interbay Area FL reported income of $818k and spending of $959k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $818k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income dropped by 70%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wat Mongkolratanaram of FL Thai Buddhist Temple Interbay Area FL sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($818k), Cecilton Vol Fire Co Inc ($818k) and Eureka Community Ambulance Service ($818k).

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 $3.5m against liabilities of $0, net assets of $3.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.