Dhammachai Foundation

Analysis

Dhammachai Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2022, 4 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, Dhammachai Foundation reported income of $546k and spending of $587k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $514k to $546k (+6.2%), an average of +6.2% a year. Over the whole period it spent 56% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Dhammachai Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Society of American Bosnians and Herzegovinians ($546k), Living God Ministries Inc ($546k) and Tri-Grace Ministries Inc ($546k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $17k (2.8% of expenses). Other salaries and wages came to $17k. At year end it held assets of $472k against liabilities of $6,935, net assets of $465k. It reported 4 employees.