Jain Society of Central Virginia

Analysis

Jain Society of Central Virginia is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in July 2015, 11 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, Jain Society of Central Virginia reported income of $297k and spending of $332k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $297k (-83%), an average of -36% a year. The sharpest change came in the year to December 2020, when income dropped by 85%. Over the whole period it spent 43% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jain Society of Central Virginia 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 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Institute for Discipleship Training ($297k), Buddhist Community of Dallas Fort Worth ($297k) and Set Free to Be Ministries Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $23k. At year end it held assets of $4.2m against liabilities of $2,721, net assets of $4.2m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.