Shree Ram Sharnam Inc

Analysis

Shree Ram Sharnam Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in March 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, Shree Ram Sharnam Inc reported income of $72k and spending of $15k, leaving 79% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $72k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 25% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shree Ram Sharnam Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within MD. Charities of a similar size with the same main cause include Michigan Migrant Ministries ($72k), First Love People ($72k) and Eagle Summit Healing Center Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.