Theravada Buddhist Society of America

Analysis

Theravada Buddhist Society of America is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in August 1980, 46 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, Theravada Buddhist Society of America reported income of $320k and spending of $267k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $320k (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Theravada Buddhist Society of America sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Historytellers Productions Inc ($320k), Florida State Missionary Baptist Foundation Inc ($320k) and Public Servants Prayer Inc ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.3m against liabilities of $157k, net assets of $3.1m.