Ashtalakshmi Temple

Analysis

Ashtalakshmi Temple is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Ashtalakshmi Temple reported income of $2.6m and spending of $670k, leaving 74% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $549k to $2.6m (+366%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 508%. Over the whole period it spent 52% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ashtalakshmi Temple sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include House of Mercy ($2.6m), Mariavision US Inc ($2.6m) and Provident Ministries Ltd ($2.6m).

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 $42k. At year end it held assets of $8.6m against liabilities of $3.7m, net assets of $4.8m. It reported 1 employees.