Swaravedika

Analysis

Swaravedika is a registered charity in United States, based in Maple Grove, MN. It received its IRS tax-exemption ruling in November 2016, 10 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 April 2024, Swaravedika reported income of $77k and spending of $45k, leaving 41% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income grew from $14k to $77k (+473%), an average of +473% a year. The sharpest change came in the year to April 2024, when income rose by 473%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Swaravedika sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include Greater Washington Telugu Cultural Sangam Inc ($77k), Winslow Historical Society Inc ($77k) and Big Rock Historical Society ($77k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.