The Institute of Buddhist Studies Inc

Analysis

The Institute of Buddhist Studies Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, The Institute of Buddhist Studies Inc reported income of $3.2m and spending of $2.5m, leaving 22% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $2.9m to $3.2m (+11%), an average of +2.6% a year. The sharpest change came in the year to March 2021, when income dropped by 46%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Institute of Buddhist Studies Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Morehouse Community Improvement Organization Inc ($3.2m), Gloria Deo Academy Inc ($3.2m) and Fiorello H Laguardia Community College Auxiliary Enterprises Corp ($3.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $430k (17% of expenses). Other salaries and wages came to $872k. At year end it held assets of $8.6m against liabilities of $591k, net assets of $8.0m. It reported 33 employees.