Veda Sivagama Inc

Analysis

Veda Sivagama Inc is a registered charity in United States, based in Middletown, DE. It received its IRS tax-exemption ruling in December 2020, 6 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, Veda Sivagama Inc reported income of $147k and spending of $38k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $147k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 31% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Veda Sivagama Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 41st percentile within DE. Charities of a similar size with the same main cause include Muna Center of Paterson Inc ($147k), Educate for Life ($147k) and Chinese Family Ministry ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $364k against liabilities of $50k, net assets of $314k.