Vedics Foundation

Analysis

Vedics Foundation is a registered charity in United States, based in Chantilly, VA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vedics Foundation reported income of $50k and spending of $119k, spending 236% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $49k to $50k (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vedics Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within VA. Charities of a similar size with the same main cause include Awake Ministries C/O Dennis R Gallagher Sr ($50k), American Devanand Yoga Center Inc ($50k) and Little Flower Ministries ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $587k against liabilities of $0, net assets of $587k.