Vedic Educational and Devotional Academy

Analysis

Vedic Educational and Devotional Academy is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Vedic Educational and Devotional Academy reported income of $2.4m and spending of $2.0m, spending 80% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.5m to $2.4m (+66%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vedic Educational and Devotional Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include E3 Volunteers Inc ($2.4m), Crazy Love Ministries ($2.4m) and Dawat E Islami USA Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $112k (5.7% of expenses). Other salaries and wages came to $417k. At year end it held assets of $8.0m against liabilities of $2.4m, net assets of $5.7m. It reported 12 employees.