Vedanta Institute of Midwest

Analysis

Vedanta Institute of Midwest is a registered charity in United States, based in W Bloomfield, MI. It received its IRS tax-exemption ruling in March 2011, 15 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, Vedanta Institute of Midwest reported income of $288k and spending of $207k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $206k to $288k (+40%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 168%. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vedanta Institute of Midwest sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Lumen Inc ($288k), Catholic Hispanic Renewal of Atlanta ($288k) and Vick and Pathfinder Camp and Conference Ministries Inc ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $54k (26% of expenses). At year end it held assets of $587k against liabilities of $641, net assets of $586k. It reported 1 employees.