Veerayatan International Inc

Analysis

Veerayatan International Inc is a registered charity in United States, based in Hughesville, MD. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Veerayatan International Inc reported income of $373k and spending of $611k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $523k to $373k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 141% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Veerayatan International Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Rock by the Sea Inc ($373k), Leadership Perimeter Inc ($373k) and A Moment of Magic ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $3,600, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.