Charity

Amitabha Buddhist Society (Singapore)

Summary FinancialsPeopleNews & ActivitiesSimilar

About

What does Amitabha Buddhist Society (Singapore) do?

The Amitabha Buddhist Society (Singapore) is a non-profit organization dedicated to promoting the study and dissemination of Buddhism as taught by Sakyamuni Buddha, with a focus on the teachings of Amitabha Buddha. They aim to cultivate personal discipline, social responsibility, and moral values to foster harmony, peace, and tolerance through cultural, social, and humanitarian activities.

Founded

2016

People

lee boon huat, koh cheng piaw, lim gwek eng mandy, ngin kwok wah, lim ah chiew, chong lee yann wendy, ong lai hoi mondee, neo bee chan yvonne, tan sway moy, tan wee teng

Causes

Health & Wellness Education

Highlights

Donations are tax-deductible
Registered Charity
Established since 2016
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Promotes spiritual growth: The society encourages individuals to study and practice Buddhism, which can lead to personal development and self-improvement.
Fosters community engagement: Through cultural, social, and humanitarian activities, the organization brings people together, promoting a sense of belonging and unity within the community.
Encourages moral responsibility: The society's emphasis on cultivating personal discipline, social morality, and tolerance can contribute to a more responsible citizenry that values harmony and peace.
Contributes to national awareness: By creating public events and initiatives related to Buddhist teachings and humanitarian causes, the society helps raise awareness about important issues within Singaporean society.
Supports vulnerable populations: The organization's charitable

Donation Income

S$9,877,483In 2022

Program Expense Ratio

100.00%In 2022

This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.

Financials

Donation Income

S$9,877,483In 2022

What are the donations used for?

Promotes spiritual growth: The society encourages individuals to study and practice Buddhism, which can lead to personal development and self-improvement.
Fosters community engagement: Through cultural, social, and humanitarian activities, the organization brings people together, promoting a sense of belonging and unity within the community.
Encourages moral responsibility: The society's emphasis on cultivating personal discipline, social morality, and tolerance can contribute to a more responsible citizenry that values harmony and peace.
Contributes to national awareness: By creating public events and initiatives related to Buddhist teachings and humanitarian causes, the society helps raise awareness about important issues within Singaporean society.
Supports vulnerable populations: The organization's charitable

Program Expense Ratio

100.00%In 2022

Financial Information

Source: Charity Portal

Charities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.

Receipts	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Donations in Cash
Tax-Deductible	0	0	0
Non Tax-Deductible	9,571,528	4,227,618	3,068,165
Total Donations in Cash	9,571,528	4,227,618	3,068,165
Donations in Kind
Tax-Deductible	0	0	0
Non Tax-Deductible	0	0	0
Total Donations in Kind	0	0	0
Government Grants	0	0	0
Investment Income	257,592	138,552	303,424
Programme Fees	0	0	0
Others Income	48,363	53,114	177,215
Total Receipts	9,877,483	4,419,284	3,548,804
Capital in Nature	0	4,419,284	0

Expenses	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Fundraising Expenses
Fundraising Expenses	0	0	0
Charitable Activities/Programme Expenses
Local (Direct & Support)	2,638,940	2,256,642	1,975,227
Overseas (Direct & Support)	0	0	0
Charitable Activities/Programme Expenses	2,638,940	2,256,642	1,975,227
Expenses
Other Expenses	0	0	0
Total Expenditure	2,638,940	2,256,642	1,975,227

Balance Sheet	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Assets
Land and Buildings	62,539,661	32,415,000	30,600,000
Other Tangible Assets	1,322,189	1,267,458	1,259,590
Investments	20,297,137	19,959,851	19,025,904
Inventories	0	0	0
Account Receivables	144,887	46,329	45,256
Cash & Deposits	529,355	1,639,617	939,523
Other Assets	0	0	0
Total Assets	84,833,229	55,328,255	51,870,273
Funds
Total Unrestricted Funds	64,701,850	54,841,051	51,334,812
Total Restricted Funds	0	0	0
Endowments Funds	0	0	0
Total Funds and Reserves	64,701,850	54,841,051	51,334,812
Liabilities
Total Current Liabilities	1,612,056	251,248	266,226
Total Non-Current Liabilities	18,519,323	235,956	269,235
Total Liabilities	20,131,379	487,204	535,461
Total Funds and Liabilities	84,833,229	55,328,255	51,870,273

Other Information	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Donations, Grants and Sponsorships given to other registred charities	190,000	105,000	64,961
No. of Employees	18	18	19
Total Employee Cost	650,079	648,243	607,932
Fudnraisig Efficiency Ratio	0	0	0
Total Related Party Transactions	0	0	0