Friends of Buddha Fellowship Incorporated

Analysis

Friends of Buddha Fellowship Incorporated is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Friends of Buddha Fellowship Incorporated reported income of $115k and spending of $54k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $115k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 49% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Buddha Fellowship Incorporated sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Africa Needs U Inc ($114k), Hope for Survival Charity Group ($115k) and Grace and Peace Mission to Orissa ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $108k against liabilities of $53, net assets of $108k.