Charity

Singapore Buddhist Lodge, The

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About

What does Singapore Buddhist Lodge, The do?

The Singapore Buddhist Lodge is a non-profit organization dedicated to promoting Buddhist culture and education, while providing financial assistance and support to those in need, including the elderly, sick, destitute individuals, and registered charitable organizations with similar objectives.

Founded

1985

People

thur poh gim, lim lee meng, wang yew kwang, huang zheng xin, ooi ah suan, teng seng dui, tan ann nah, chan poh swai @ poh swee, yeo kheng tong, tan kay huat

Causes

No Poverty Health & Wellness Children

Highlights

Donations are tax-deductible
Registered Charity
Established since 1985
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Promotion of Buddhist culture and education, which can foster understanding and tolerance among different religious groups.
Assistance to vulnerable populations such as the elderly, sick, destitute, and those in need, improving their quality of life.
Support for registered charitable organizations with similar objectives, enhancing the overall impact of social welfare efforts.
Encouragement of community involvement through volunteering opportunities, fostering a sense of belonging and civic engagement.
Preservation and propagation of Buddhist teachings, ensuring that these valuable philosophical traditions are not lost over time.
Contribution to the development of interfaith dialogue and understanding by promoting peaceful coexistence among different religious communities.

Donation Income

S$17,255,673In 2022

Program Expense Ratio

12.88%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$17,255,673In 2022

What are the donations used for?

Promotion of Buddhist culture and education, which can foster understanding and tolerance among different religious groups.
Assistance to vulnerable populations such as the elderly, sick, destitute, and those in need, improving their quality of life.
Support for registered charitable organizations with similar objectives, enhancing the overall impact of social welfare efforts.
Encouragement of community involvement through volunteering opportunities, fostering a sense of belonging and civic engagement.
Preservation and propagation of Buddhist teachings, ensuring that these valuable philosophical traditions are not lost over time.
Contribution to the development of interfaith dialogue and understanding by promoting peaceful coexistence among different religious communities.

Program Expense Ratio

12.88%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	14,601,546	13,025,352	12,969,556
Total Donations in Cash	14,601,546	13,025,352	12,969,556
Donations in Kind
Tax-Deductible	0	0	0
Non Tax-Deductible	590,741	539,913	382,689
Total Donations in Kind	590,741	539,913	382,689
Government Grants	49,543	232,571	602,621
Investment Income	1,083,977	0	0
Programme Fees	0	0	0
Others Income	929,866	871,228	1,505,408
Total Receipts	17,255,673	14,669,064	15,460,274
Capital in Nature	0	0	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)	1,056,532	810,047	643,420
Overseas (Direct & Support)	0	0	0
Charitable Activities/Programme Expenses	1,056,532	810,047	643,420
Expenses
Other Expenses	7,143,277	5,000,656	5,112,092
Total Expenditure	8,199,809	5,810,703	5,755,512

Balance Sheet	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Assets
Land and Buildings	72,156,571	77,929,054	79,712,505
Other Tangible Assets	0	0	0
Investments	0	0	0
Inventories	76,874	40,582	68,048
Account Receivables	548,093	296,216	570,954
Cash & Deposits	100,741,239	94,981,003	87,240,672
Other Assets	63,402	49,130	33,143
Total Assets	173,586,179	173,295,985	167,625,322
Funds
Total Unrestricted Funds	153,866,236	92,253,042	87,292,417
Total Restricted Funds	18,116,906	75,734,039	74,161,403
Endowments Funds	0	0	0
Total Funds and Reserves	171,983,142	167,987,081	161,453,820
Liabilities
Total Current Liabilities	1,603,037	5,304,641	6,160,741
Total Non-Current Liabilities	0	4,263	10,761
Total Liabilities	1,603,037	5,308,904	6,171,502
Total Funds and Liabilities	173,586,179	173,295,985	167,625,322

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	1,028,000	1,221,055	65,555
No. of Employees	55	55	59
Total Employee Cost	2,911,899	2,622,366	2,516,715
Fudnraisig Efficiency Ratio	0	0	0
Total Related Party Transactions	0	0	0