Maha Lakshmi Mandir

Analysis

Maha Lakshmi Mandir is a registered charity in United States, based in S Richmond HL, NY. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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 March 2024, Maha Lakshmi Mandir reported income of $103k and spending of $28k, leaving 73% of income unspent that year. Across the 3 years on record, from March 2022 to March 2024, income grew from $31k to $103k (+234%), an average of +83% a year. The sharpest change came in the year to March 2023, when income rose by 257%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maha Lakshmi Mandir sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Schuyler County Historical Society ($103k), Jesup Senior Citizen Housing Inc ($103k) and Shenandoah Public Library Foundation ($103k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.8m against liabilities of $469k, net assets of $1.3m.