Lalitha Peetham

Analysis

Lalitha Peetham is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lalitha Peetham reported income of $224k and spending of $210k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $225k to $224k (-0.4%), an average of -0.1% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lalitha Peetham sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Islamic Society of Midwest Inc ($224k), T-N-T Ministries International Inc ($224k) and Lao Dhamma Sacca Temple Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $44k. At year end it held assets of $111k against liabilities of $13k, net assets of $98k. It reported 2 employees.