Land of Medicine Buddha Inc

Analysis

Land of Medicine Buddha Inc is a registered charity in United States, based in Soquel, CA. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Land of Medicine Buddha Inc reported income of $1.2m and spending of $1.1m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Land of Medicine Buddha Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Milestone House ($1.2m), Casa de Ninos Manuel Fernandez Juncos Inc ($1.2m) and Highlands Museum & Discovery Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $54k (5.0% of expenses). Other salaries and wages came to $321k. At year end it held assets of $3.6m against liabilities of $981k, net assets of $2.7m. It reported 30 employees.