Vedanta Cultural Foundation USA Inc

Analysis

Vedanta Cultural Foundation USA Inc is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vedanta Cultural Foundation USA Inc reported income of $693k and spending of $540k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $703k to $693k (-1.5%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vedanta Cultural Foundation USA Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include All Foundation of Washington ($693k), Opera Neo ($693k) and Colorado Electric Educational Institute ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $15k (2.8% of expenses). Other salaries and wages came to $35k. At year end it held assets of $1.8m against liabilities of $88k, net assets of $1.7m. It reported 2 employees.