Wat Lao Sithammaram of Hawaii Inc

Analysis

Wat Lao Sithammaram of Hawaii Inc is a registered charity in United States, based in Ewa Beach, HI. It received its IRS tax-exemption ruling in May 1983, 43 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 2023, Wat Lao Sithammaram of Hawaii Inc reported income of $409k and spending of $234k, leaving 43% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $524k to $409k (-22%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wat Lao Sithammaram of Hawaii Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within HI. Charities of a similar size with the same main cause include Titus County Cares ($409k), Ohio High School Basketball Coaches Association Inc ($409k) and Phcc-Orsb Educational Foundation Inc ($409k).

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 $3.5m against liabilities of $623k, net assets of $2.9m.