Vedic Health Inc

Analysis

Vedic Health Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vedic Health Inc reported income of $341k and spending of $276k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $320k to $341k (+6.6%), an average of +6.6% a year. Over the whole period it spent 73% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vedic Health Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Ohio Interscholastic Athletic Administrators Association ($340k), Chicago Cricket Club & Academy ($341k) and Chatham Athletic Association Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $19k. At year end it held assets of $343k against liabilities of $17k, net assets of $326k. It reported 1 employees.