Sri Lakshmi Ganapathi Temple

Analysis

Sri Lakshmi Ganapathi Temple is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in June 2012, 14 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, Sri Lakshmi Ganapathi Temple reported income of $529k and spending of $504k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $115k to $529k (+359%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 329%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sri Lakshmi Ganapathi Temple sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Well Community ($529k), Agape Help House of Pacific ($529k) and True North Ministries Inc ($528k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $143k. At year end it held assets of $841k against liabilities of $50k, net assets of $791k. It reported 4 employees.