Khalsa Gurmat Center

Analysis

Khalsa Gurmat Center is a registered charity in United States, based in Tumwater, WA. It received its IRS tax-exemption ruling in June 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, Khalsa Gurmat Center reported income of $998k and spending of $427k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $423k to $998k (+136%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Khalsa Gurmat Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Torah and Nature Foundation ($998k), Elevation Ministries ($999k) and Harvest Bridge ($997k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $1,150. At year end it held assets of $4.1m against liabilities of $396k, net assets of $3.7m.