Advaita Society

Analysis

Advaita Society is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in December 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Advaita Society reported income of $701k and spending of $662k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $662k to $701k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to September 2021, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advaita Society 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 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Northwest Housing Corporation ($701k), Grayling Cooperative Preschool Inc ($701k) and Montana Ballet Company Inc ($701k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $95k (14% of expenses). Other salaries and wages came to $323k. At year end it held assets of $494k against liabilities of $48k, net assets of $447k. It reported 52 employees.