Ananda Mandir Inc

Analysis

Ananda Mandir Inc is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Ananda Mandir Inc reported income of $854k and spending of $488k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $773k to $854k (+11%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ananda Mandir Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Nyingma Institute ($854k), Chabad of Iceland Inc ($854k) and Blackaby Ministries International Inc ($853k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $71k. At year end it held assets of $7.4m against liabilities of $1.2m, net assets of $6.2m. It reported 2 employees.