Sree Venkateswara Temple of Cleveland

Analysis

Sree Venkateswara Temple of Cleveland is a registered charity in United States, based in Richfield, OH. It received its IRS tax-exemption ruling in April 2006, 20 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, Sree Venkateswara Temple of Cleveland reported income of $876k and spending of $662k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $811k to $876k (+8.0%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sree Venkateswara Temple of Cleveland sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Bridge the Gap Ministries ($874k), Monte Sion Center ($876k) and Media Associates International Inc ($874k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $66k. At year end it held assets of $5.9m against liabilities of $1.4m, net assets of $4.5m. It reported 5 employees.