Watt Dhammaraingsei Buddhist Temple of Memphis Inc

Analysis

Watt Dhammaraingsei Buddhist Temple of Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Watt Dhammaraingsei Buddhist Temple of Memphis Inc reported income of $224k and spending of $79k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $224k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 34% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Watt Dhammaraingsei Buddhist Temple of Memphis Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Life Mininstries Today Inc ($224k), National Hispanic Pastors Alliance Nahpa Inc ($224k) and Barbier Ministries Inc ($224k).

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 $1.1m against liabilities of $356k, net assets of $714k.