Wat Lao Buddharangsy

Analysis

Wat Lao Buddharangsy is a registered charity in United States, based in Ceres, CA. It received its IRS tax-exemption ruling in October 1986, 40 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, Wat Lao Buddharangsy reported income of $147k and spending of $147k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $147k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2023, when income rose by 678%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wat Lao Buddharangsy sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Lone Star Cookers Inc ($147k), Korean American Education Foundation ($147k) and Life Sharing Center Inc ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $202k against liabilities of $0, net assets of $202k.