American Sri Lanka Buddist Association

Analysis

American Sri Lanka Buddist Association is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in October 1960, 66 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, American Sri Lanka Buddist Association reported income of $153k and spending of $241k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $153k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Sri Lanka Buddist Association sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Mahtomedi Basketball Association ($153k), Tennessee Youth Sports Alliance ($153k) and Friends of the Leesburg Library Incorporated ($153k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $182k, net assets of $1.4m.