Wat Lao Santitham

Analysis

Wat Lao Santitham is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in January 1994, 32 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 Lao Santitham reported income of $74k and spending of $74k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $74k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wat Lao Santitham sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within AR. Charities of a similar size with the same main cause include West Michigan Jazz Society ($74k), Rainbow of Hope Texas ($74k) and Hilltop Lakes Chapel Foundation ($74k).

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 $601k against liabilities of $0, net assets of $601k.