Ming Ya Buddhist Foundation of Seattle

Analysis

Ming Ya Buddhist Foundation of Seattle is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Ming Ya Buddhist Foundation of Seattle reported income of $55k and spending of $68k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $42k to $55k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 6032%. Over the whole period it spent 6.7% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ming Ya Buddhist Foundation of Seattle sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 16th percentile within WA. Charities of a similar size with the same main cause include Finding Your Way Back Outreach Ministry ($55k), Home of Grace for Christs Workers ($56k) and Glaze Ministries Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.