Jagadguru Shri Vallabhacharya Peeth Inc

Analysis

Jagadguru Shri Vallabhacharya Peeth Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in February 2016, 10 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, Jagadguru Shri Vallabhacharya Peeth Inc reported income of $218k and spending of $149k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $323k to $218k (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jagadguru Shri Vallabhacharya Peeth Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Christian Training Foundation Incorporated ($218k), Dove Ministries Inc ($218k) and Kingdom Alliance Builders ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $9,745. At year end it held assets of $1.5m against liabilities of $64k, net assets of $1.4m.