Parakala Lakshmihayagriva Mission USA Inc

Analysis

Parakala Lakshmihayagriva Mission USA Inc is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in October 2014, 12 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, Parakala Lakshmihayagriva Mission USA Inc reported income of $102k and spending of $56k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $102k (-54%), an average of -18% a year. The sharpest change came in the year to December 2022, when income rose by 92%. Over the whole period it spent 52% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Parakala Lakshmihayagriva Mission USA Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Spirit Lead Revival Ministries Inc ($102k), Methodist Cursillo of Mississippi ($102k) and Care Ministries International ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $26k. At year end it held assets of $595k against liabilities of $0, net assets of $595k. It reported 1 employees.