Vedic Cultural and Spiritual Center of San Diego

Analysis

Vedic Cultural and Spiritual Center of San Diego is a registered charity in United States, based in Poway, CA. It received its IRS tax-exemption ruling in December 2000, 26 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 2022, Vedic Cultural and Spiritual Center of San Diego reported income of $765k and spending of $379k, leaving 51% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $499k to $765k (+53%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vedic Cultural and Spiritual Center of San Diego sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Word of Life ($765k), Life for All Institute Inc ($766k) and Jay Lowder Harvest Ministries Inc ($765k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $31k (8.3% of expenses). At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m.