Siddhivinaayak Temple Inc

Analysis

Siddhivinaayak Temple Inc is a registered charity in United States, based in Glen Burnie, MD. It received its IRS tax-exemption ruling in May 2018, 8 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, Siddhivinaayak Temple Inc reported income of $156k and spending of $210k, spending 135% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $245k to $156k (-36%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Siddhivinaayak Temple Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MD. Charities of a similar size with the same main cause include Revival Breakthrough Ministries Inc ($156k), Equipping Ministries International Inc ($156k) and Changing Destinies Ministry ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (19% of expenses). Other salaries and wages came to $42k. At year end it held assets of $594k against liabilities of $7,880, net assets of $587k.