Brahmananda Saraswati Foundation

Analysis

Brahmananda Saraswati Foundation is a registered charity in United States, based in Fairfield, IA. It received its IRS tax-exemption ruling in March 2009, 17 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, Brahmananda Saraswati Foundation reported income of $10.8m and spending of $16.9m, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.7m to $10.8m (+1.2%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 114% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Brahmananda Saraswati Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Churches of Christ Disaster Relief Effort Inc ($10.8m), CBMC Inc ($10.9m) and Equipnet ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $48k (0.3% of expenses). Other salaries and wages came to $168k. At year end it held assets of $83.8m against liabilities of $279k, net assets of $83.6m. It reported 11 employees.