Sri Veera Venkata Satyanarayana SVVS Temple

Analysis

Sri Veera Venkata Satyanarayana SVVS Temple is a registered charity in United States, based in Kenner, LA. It received its IRS tax-exemption ruling in January 1994, 32 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, Sri Veera Venkata Satyanarayana SVVS Temple reported income of $417k and spending of $297k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $417k (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 317%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sri Veera Venkata Satyanarayana SVVS Temple sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within LA. Charities of a similar size with the same main cause include Minnesota Youth Symphonies ($417k), Mead Public Library Foundation Inc ($417k) and Bryant P T S a ($417k).

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 $55k. At year end it held assets of $2.4m against liabilities of $644k, net assets of $1.7m.