Nalanda Institute for Contemplative Science Inc

Analysis

Nalanda Institute for Contemplative Science Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 May 2024, Nalanda Institute for Contemplative Science Inc reported income of $492k and spending of $570k, spending 116% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $514k to $492k (-4.2%), an average of -1.1% a year. The sharpest change came in the year to May 2022, when income rose by 83%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nalanda Institute for Contemplative Science 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 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Be the Change in Mental Health ($492k), Chatham County Safety Net Planning Council Inc ($492k) and Auxiliary of the Good Samaritan Hospital ($492k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $101k (18% of expenses). Other salaries and wages came to $138k. At year end it held assets of $37k against liabilities of $56k, net assets of -$19k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.