Paramita Buddhist Monastery

Analysis

Paramita Buddhist Monastery is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in November 2018, 8 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, Paramita Buddhist Monastery reported income of $102k and spending of $69k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $102k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Paramita Buddhist Monastery sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include House of Bread Ministry ($102k), Covenant Bible Institute of Theology Inc ($102k) and Luke10 Ministries ($102k).

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 $310k against liabilities of $196k, net assets of $113k.