South Florida Buddhist Association Inc

Analysis

South Florida Buddhist Association Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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, South Florida Buddhist Association Inc reported income of $113k and spending of $67k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $113k (+111%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 294%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Florida Buddhist Association Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Gennesaret Inc ($113k), PTA California Congress of Parents Teachers & Students Inc ($113k) and 4gens ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. Compensation of current officers, directors and key employees was $10k (15% of expenses). At year end it held assets of $672k against liabilities of $10k, net assets of $662k.