Drepung Gomang Institute

Analysis

Drepung Gomang Institute is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Drepung Gomang Institute reported income of $467k and spending of $478k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $403k to $467k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Drepung Gomang Institute sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Spirit Child Development Center ($467k), Woodland Montessori School Inc ($467k) and Student Government State Universit Y of New York College ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $95k (20% of expenses). Other salaries and wages came to $39k. At year end it held assets of $1.3m against liabilities of $13k, net assets of $1.3m. It reported 3 employees.