Vedic Preservation Initiative

Analysis

Vedic Preservation Initiative is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in February 2019, 7 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 2023, Vedic Preservation Initiative reported income of $428k and spending of $389k, spending 91% of its income. Across the 2 years on record, from April 2022 to April 2023, income grew from $420k to $428k (+1.8%), an average of +1.8% a year. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vedic Preservation Initiative 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 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Dance Entropy ($428k), Museum of Automobiles Inc ($428k) and Histochemical Society Inc ($428k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $376k against liabilities of $280k, net assets of $96k.