Hindu University of America Inc

Analysis

Hindu University of America Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in June 1992, 34 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hindu University of America Inc reported income of $2.9m and spending of $1.8m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $298k to $2.9m (+886%), an average of +77% a year. The sharpest change came in the year to June 2021, when income rose by 214%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hindu University of America Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Association on Aging in New York ($2.9m), United States Senior Soccer Division Inc ($2.9m) and Central Okla Community Action Agency ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $426k (24% of expenses). At year end it held assets of $4.1m against liabilities of $6,385, net assets of $4.1m.