Buddhist Kung Fu Meditation Centre of USA Inc

Analysis

Buddhist Kung Fu Meditation Centre of USA Inc is a registered charity in United States, based in Watertown, CT. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Buddhist Kung Fu Meditation Centre of USA Inc reported income of $62k and spending of $53k, spending 86% of its income. The sharpest change came in the year to December 2023, when income rose by 131%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Buddhist Kung Fu Meditation Centre of USA Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within CT. Charities of a similar size with the same main cause include Steve Henshaw Ministry Inc ($62k), Iglesia Casa de Dios Illinois ($62k) and Keren Horainu Inc ($62k).

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 $37k against liabilities of $0, net assets of $37k.