Wat Dhamma Bhavana Buddhist Center

Analysis

Wat Dhamma Bhavana Buddhist Center is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 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 2022, Wat Dhamma Bhavana Buddhist Center reported income of $64k and spending of $55k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $157k to $64k (-59%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wat Dhamma Bhavana Buddhist Center sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 20th percentile within AK. Charities of a similar size with the same main cause include Reach Ministries ($64k), Art in Public Places Inc ($64k) and South Dakota Congress of Parents and Teachers ($64k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $894k against liabilities of $484k, net assets of $409k.