Brahmananda Saraswati Yagya Foundation

Analysis

Brahmananda Saraswati Yagya Foundation is a registered charity in United States, based in Fairfield, IA. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brahmananda Saraswati Yagya Foundation reported income of $9.3m and spending of $9.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $9.3m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Brahmananda Saraswati Yagya Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Simchat Torah Beit Midrash ($9.3m), Ohr Torah Stone Institutions of Isr Ael ($9.4m) and Reaching Souls International Inc ($9.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $37k (0.4% of expenses). Other salaries and wages came to $46k. At year end it held assets of $16.3m against liabilities of $198k, net assets of $16.1m. It reported 4 employees.