Veerashaiva Samaja of North America

Analysis

Veerashaiva Samaja of North America is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 1980, 46 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Veerashaiva Samaja of North America reported income of $168k and spending of $100k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $263k to $168k (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 65%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veerashaiva Samaja of North America sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Christ Child Society of Toledo ($168k), Miami County Historical Society Inc ($168k) and Stafford First Aid Squad Inc ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.