Watlao Thammajadi Buddhist Temple
Watlao Thammajadi Buddhist Temple shows consistent asset growth and zero officer compensation over six years.
EIN: 20638925 · Woonsocket, RI · NTEE: X50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $201K |
| Total Expenses | $176K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $630,000. |
| Net Assets | $632K |
| Transparency Score | 85/100 |
Is Watlao Thammajadi Buddhist Temple Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Watlao Thammajadi Buddhist Temple directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Watlao Thammajadi Buddhist Temple
Watlao Thammajadi Buddhist Temple (EIN: 20638925) is a nonprofit organization based in Woonsocket, RI, classified under NTEE code X50. The organization reported total revenue of $201K and total assets of $588K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Watlao Thammajadi Buddhist Temple's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Watlao Thammajadi Buddhist Temple is a small nonprofit that has been operating for 14 years, with 6 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $194K |
| Total Expenses | $176K |
| Surplus / Deficit | +$18K |
| Total Assets | $632K |
| Net Assets | $632K |
| Operating Margin | 9.2% |
| Months of Reserves | 43.0 months |
Financial Health Grade: A
In 2023, Watlao Thammajadi Buddhist Temple reported a surplus of $18K with revenue exceeding expenses, holds 43.0 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2017–2023), Watlao Thammajadi Buddhist Temple's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.0% | +78.4% | +2.4% |
| 2022 | +313.4% | +90.0% | +257.0% |
| 2021 | +15.0% | -18.6% | +84.0% |
| 2019 | +27.1% | +11.3% | +111.7% |
| 2018 | -13.0% | -36.2% | +253.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Watlao Thammajadi Buddhist Temple with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Watlao Thammajadi Buddhist Temple allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $18K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all six available filings, indicating a fully volunteer-led executive structure, which is highly efficient for a nonprofit of its size with assets growing to over $630,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Watlao Thammajadi Buddhist Temple's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Watlao Thammajadi Buddhist Temple:
- Consistent asset growth, from $12,530 in 2017 to $631,839 in 2023, indicating financial stability and growth.
- Zero officer compensation reported across all filings, demonstrating highly efficient use of funds and volunteer leadership.
- Low to no liabilities reported in most years, suggesting sound financial management and minimal debt.
- Positive net income in most years (e.g., $17,898 in 2023, $440,673 in 2022), contributing to asset accumulation.
- Consistent IRS 990 filing history, indicating good compliance and transparency.
Frequently Asked Questions about Watlao Thammajadi Buddhist Temple
Is Watlao Thammajadi Buddhist Temple a legitimate charity?
Watlao Thammajadi Buddhist Temple (EIN: 20638925) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 85/100. It has 6 years of IRS 990 filings on record. Total revenue: $201K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Watlao Thammajadi Buddhist Temple spend its money?
Watlao Thammajadi Buddhist Temple directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Watlao Thammajadi Buddhist Temple tax-deductible?
Watlao Thammajadi Buddhist Temple is registered as a tax-exempt nonprofit (EIN: 20638925). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Watlao Thammajadi Buddhist Temple CEO make?
Watlao Thammajadi Buddhist Temple's highest-compensated officer earns $630,000. annually. The organization reported $201K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Watlao Thammajadi Buddhist Temple's spending goes to programs?
Watlao Thammajadi Buddhist Temple directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Watlao Thammajadi Buddhist Temple compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Watlao Thammajadi Buddhist Temple is above average for NTEE category X50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Watlao Thammajadi Buddhist Temple located?
Watlao Thammajadi Buddhist Temple is headquartered in Woonsocket, Rhode Island and files with the IRS under EIN 20638925. It is classified under NTEE code X50.
How many years of IRS 990 filings does Watlao Thammajadi Buddhist Temple have?
Watlao Thammajadi Buddhist Temple has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $201K in total revenue.
How does Watlao Thammajadi Buddhist Temple manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that the temple's leadership and management roles are filled by volunteers, which significantly reduces administrative overhead and allows more funds to be directed towards its mission.
What caused the significant increase in assets between 2021 and 2022?
Assets jumped from $172,754 in 2021 to $616,777 in 2022. This substantial increase, alongside a revenue spike to $539,594 in 2022, likely indicates a major fundraising campaign, a large donation, or the acquisition of significant property or investments during that period.
What are the primary sources of revenue for the temple?
While the filings show fluctuating revenue, such as $194,339 in 2023 and $539,594 in 2022, the specific sources (e.g., donations, program service revenue) are not detailed in the provided summary, but generally, religious organizations rely heavily on contributions.
Filing History
IRS 990 filing history for Watlao Thammajadi Buddhist Temple showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2017–2023), Watlao Thammajadi Buddhist Temple's revenue has grown by 89.3%, moving from $103K to $194K. Total assets increased by 4942.6% over the same period, from $13K to $632K. Total functional expenses rose by 95.8%, from $90K to $176K. In its most recent filing year (2023), Watlao Thammajadi Buddhist Temple reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $194K | $176K | $632K | $0 | — | View 990 |
| 2022 | $540K | $99K | $617K | $3K | — | View 990 |
| 2021 | $131K | $52K | $173K | $0 | — | View 990 |
| 2019 | $113K | $64K | $94K | $0 | — | View 990 |
| 2018 | $89K | $57K | $44K | $0 | — | View 990 |
| 2017 | $103K | $90K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $194K, expenses of $176K, and assets of $632K (revenue -64.0% year-over-year).
- 2022: Revenue of $540K, expenses of $99K, and assets of $617K (revenue +313.4% year-over-year).
- 2021: Revenue of $131K, expenses of $52K, and assets of $173K (revenue +15.0% year-over-year).
- 2019: Revenue of $113K, expenses of $64K, and assets of $94K (revenue +27.1% year-over-year).
- 2018: Revenue of $89K, expenses of $57K, and assets of $44K (revenue -13.0% year-over-year).
- 2017: Revenue of $103K, expenses of $90K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Watlao Thammajadi Buddhist Temple:
Data Sources and Methodology
This transparency report for Watlao Thammajadi Buddhist Temple is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.