Gitananda

Analysis

Gitananda is a registered charity in United States, based in The Colony, TX. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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, Gitananda reported income of $111k and spending of $71k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $111k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gitananda sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Charles Harwood Uw Fbo Cheshire Academy 10-217580 ($111k), Boys & Girls Clubs of Newark Charitable Fund Inc ($111k) and Terry Wantz Historical Research Center ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.