Bhakta Samaj USA Inc

Analysis

Bhakta Samaj USA Inc is a registered charity in United States, based in Westford, MA. It received its IRS tax-exemption ruling in November 1997, 29 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, Bhakta Samaj USA Inc reported income of $247k and spending of $124k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $247k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 139%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bhakta Samaj USA Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Harvest Mission to the Unreached ($247k), Common Ground Ministries Inc ($247k) and True Life Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.9m against liabilities of $170k, net assets of $1.8m.