Sri Veda Vidya Peetham

Analysis

Sri Veda Vidya Peetham is a registered charity in United States, based in Tracy, CA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 January 2023, Sri Veda Vidya Peetham reported income of $318k and spending of $335k, spending 105% of what it took in. Across the 5 years on record, from January 2019 to January 2023, income grew from $96k to $318k (+231%), an average of +35% a year. The sharpest change came in the year to January 2022, when income rose by 334%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sri Veda Vidya Peetham sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Chattanooga Boys Choir ($317k), Arcade Comedy Theater Inc ($318k) and Cheza Nami Foundation Inc ($317k).

On its Form 990 for the period ending January 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $54k (16% of expenses). Other salaries and wages came to $44k. At year end it held assets of $910k against liabilities of $75k, net assets of $835k.