The Ten Thousand Buddhas Summit Monastery

Analysis

The Ten Thousand Buddhas Summit Monastery is a registered charity in United States, based in Corydon, IN. It received its IRS tax-exemption ruling in January 2001, 25 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 2022, The Ten Thousand Buddhas Summit Monastery reported income of $54k and spending of $5,185, leaving 90% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $87k to $54k (-38%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Ten Thousand Buddhas Summit Monastery sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Giving Ministries Inc ($54k), Icjc Endowment Fund ($54k) and Vine of Grace Retreat Ministry Inc ($54k).

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 $411k against liabilities of $0, net assets of $411k.