Vaishnav Samaj of Midwest

Analysis

Vaishnav Samaj of Midwest is a registered charity in United States, based in Addison, IL. It received its IRS tax-exemption ruling in July 1997, 29 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, Vaishnav Samaj of Midwest reported income of $336k and spending of $360k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $336k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 121% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vaishnav Samaj of Midwest sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Francis Bongay Ministry ($336k), Boonton Congregation of the Oratory of the Society of St Philip Neri ($336k) and You Are Inc ($336k).

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 $70k. At year end it held assets of $3.4m against liabilities of $5,034, net assets of $3.4m. It reported 2 employees.