Buddhist Ortho-Creed Association Dharma Seal Temple

Analysis

Buddhist Ortho-Creed Association Dharma Seal Temple is a registered charity in United States, based in Rosemead, CA. It received its IRS tax-exemption ruling in November 1978, 48 years ago. 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 June 2024, Buddhist Ortho-Creed Association Dharma Seal Temple reported income of $2.4m and spending of $899k, leaving 62% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $957k to $2.4m (+148%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 46%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buddhist Ortho-Creed Association Dharma Seal Temple 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 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Tarrant County Challenge Inc ($2.4m), Diamond Derby Inc ($2.4m) and Buffalo Prep Inc ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $71k (7.9% of expenses). Other salaries and wages came to $81k. At year end it held assets of $17.3m against liabilities of $4,063, net assets of $17.3m. It reported 13 employees.