Satvatove Institute Inc

Analysis

Satvatove Institute Inc is a registered charity in United States, based in Alachua, FL. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Satvatove Institute Inc reported income of $214k and spending of $208k, spending 97% of its income. Across the 3 years on record, from December 2019 to December 2022, income fell from $222k to $214k (-3.5%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Satvatove Institute Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Fannin Christian Learning Center Inc ($214k), Calvary Church Outreach Center a NJ Nonfrofit Corporation ($214k) and Midland School PTO ($214k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $148k (71% of expenses). At year end it held assets of $55k against liabilities of $219, net assets of $54k. It reported 3 employees.