Sri Deep Madhavananda Ashram Inc

Analysis

Sri Deep Madhavananda Ashram Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 1997, 29 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, Sri Deep Madhavananda Ashram Inc reported income of $1.4m and spending of $70k, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $1.4m (+1759%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 2294%. Over the whole period it spent 24% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sri Deep Madhavananda Ashram Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Entrusted Word Ministries ($1.4m), California Zoroastrian Center ($1.4m) and Singing Hills Christian Fellowship Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 1.3% of the total. At year end it held assets of $1.8m against liabilities of $16k, net assets of $1.8m.