Sri Sambha Sathasiva Vidya Peetham

Analysis

Sri Sambha Sathasiva Vidya Peetham is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2022, Sri Sambha Sathasiva Vidya Peetham reported income of $291k and spending of $239k, spending 82% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $197k to $291k (+48%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sri Sambha Sathasiva Vidya Peetham sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Coral Ridge Korean American Presbyterian Church Inc ($291k), Catalyst Holding Company ($291k) and I Hope Ministries ($291k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $43k. At year end it held assets of $105k against liabilities of $8,814, net assets of $97k.