Vedagita Center Inc

Analysis

Vedagita Center Inc is a registered charity in United States, based in Collegeville, PA. It received its IRS tax-exemption ruling in August 2016, 10 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, Vedagita Center Inc reported income of $296k and spending of $218k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $420k to $296k (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vedagita Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Emmaus Institute for Biblical Studies ($296k), Huyen Trang Buddhist Temple ($297k) and Soto Zen Buddhism International Center ($296k).

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 $36k. At year end it held assets of $1.1m against liabilities of $179k, net assets of $924k. It reported 2 employees.