Advaita Society

Analysis

Advaita Society is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in December 1975, 51 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 September 2023, Advaita Society reported income of $472k and spending of $552k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $509k to $472k (-7.2%), an average of -1.9% a year. The sharpest change came in the year to September 2022, when income rose by 47%. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Advaita Society sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Islamic Center of Osceola Inc ($471k), Agora University Inc ($472k) and Agape to the Nation ($471k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 52% and program service revenue 0.7% of the total. At year end it held assets of $6.1m against liabilities of $271, net assets of $6.1m.