Swaminarayan Welfare Inc

Analysis

Swaminarayan Welfare Inc is a registered charity in United States, based in Milltown, NJ. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Swaminarayan Welfare Inc reported income of $798k and spending of $801k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $798k (+272%), an average of +39% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Swaminarayan Welfare Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Gutenberg College Inc ($798k), Psalm 91 Inc ($799k) and Episcopal Preaching Foundation Inc ($798k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.