Watt Buddhacheya Mongkol Inc

Analysis

Watt Buddhacheya Mongkol Inc is a registered charity in United States, based in Woodbridge, VA. It received its IRS tax-exemption ruling in November 2013, 13 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 Buddhacheya Mongkol Inc reported income of $84k and spending of $111k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $55k to $84k (+54%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Watt Buddhacheya Mongkol Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include Lifehouse Ghanaian Seventh-Day Adventist Church Inc ($84k), Just1 International Mission Inc ($84k) and Lighthouse Ministry International ($84k).

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 $351k against liabilities of $140k, net assets of $211k.