Sakyamuni Buddhist Sangha of the US Dharma Meditation Temple

Analysis

Sakyamuni Buddhist Sangha of the US Dharma Meditation Temple is a registered charity in United States, based in Valley Center, CA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Sakyamuni Buddhist Sangha of the US Dharma Meditation Temple reported income of $212k and spending of $125k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $314k to $212k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 33% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sakyamuni Buddhist Sangha of the US Dharma Meditation Temple sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Cyber Civil Rights Initiative ($212k), Sowers Field Inc ($212k) and Cutler Bay Worship Center Inc ($212k).

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 $776k against liabilities of $16k, net assets of $759k.