Wat Dhammagunaram of Utah

Analysis

Wat Dhammagunaram of Utah is a registered charity in United States, based in Layton, UT. It received its IRS tax-exemption ruling in September 1991, 35 years ago. 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, Wat Dhammagunaram of Utah reported income of $174k and spending of $104k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $124k to $174k (+39%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wat Dhammagunaram of Utah sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within UT. Charities of a similar size with the same main cause include New Hope Historical Society ($174k), The Malibu Community Labor Exchange ($174k) and Texas Association of Area Agencies on Aging ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $692k against liabilities of $1,628, net assets of $691k.