Om Sri Sai Balaji Temple and Cultural Center Inc

Analysis

Om Sri Sai Balaji Temple and Cultural Center Inc is a registered charity in United States, based in Monroe Township, NJ. It received its IRS tax-exemption ruling in February 2013, 13 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, Om Sri Sai Balaji Temple and Cultural Center Inc reported income of $5.2m and spending of $755k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $5.2m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 171%. Over the whole period it spent 8.8% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Om Sri Sai Balaji Temple and Cultural Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Priority One Schools Inc ($5.2m), Lighthouse Ministries Inc ($5.2m) and NJ Onnuri Community Church Corp ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $75k. At year end it held assets of $29.8m against liabilities of $145k, net assets of $29.7m.