Legacy of Yogi Bhajan Foundation

Analysis

Legacy of Yogi Bhajan Foundation is a registered charity in United States, based in Santa Cruz, NM. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legacy of Yogi Bhajan Foundation reported income of $2.9m and spending of $2.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.9m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legacy of Yogi Bhajan Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NM. Charities of a similar size with the same main cause include Secrets Unsealed ($2.9m), First Baptist Church Scripture Publishing Ministery Inc ($2.9m) and Worldwide Pentecostal Fellowship ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $88k (3.2% of expenses). Other salaries and wages came to $530k. At year end it held assets of $21.3m against liabilities of $2.4m, net assets of $18.9m. It reported 17 employees.