Vajrapani Institute for Wisdom Culture

Analysis

Vajrapani Institute for Wisdom Culture is a registered charity in United States, based in Boulder Creek, CA. It received its IRS tax-exemption ruling in March 1976, 50 years ago. 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, Vajrapani Institute for Wisdom Culture reported income of $1.3m and spending of $695k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.3m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2023, when income rose by 285%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vajrapani Institute for Wisdom Culture sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.3m), Riverbend Christian School Inc ($1.3m) and Walnut Creek Aquanuts Synchronized Swimming Booster Club ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $61k (8.8% of expenses). Other salaries and wages came to $242k. At year end it held assets of $3.6m against liabilities of $13k, net assets of $3.6m. It reported 13 employees.