Dharmakaya Center for Wellbeing Inc

Analysis

Dharmakaya Center for Wellbeing Inc is a registered charity in United States, based in Pine Bush, NY. It received its IRS tax-exemption ruling in September 2019, 7 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 2022, Dharmakaya Center for Wellbeing Inc reported income of $585k and spending of $673k, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $306k to $585k (+91%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Dharmakaya Center for Wellbeing Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Thresholds Community ($585k), Blended Kingdom Families Ministries ($585k) and Gloria World Mission ($585k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 23% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $95k (14% of expenses). Other salaries and wages came to $127k. At year end it held assets of $120k against liabilities of $31k, net assets of $88k. It reported 6 employees.