Swaminarayan Aksharpith Inc

Analysis

Swaminarayan Aksharpith Inc is a registered charity in United States, based in Windsor, NJ. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Swaminarayan Aksharpith Inc reported income of $4.1m and spending of $2.0m, leaving 51% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.7m to $4.1m (+143%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 71% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Swaminarayan Aksharpith Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Project Inspire Inc ($4.1m), Chabad of Columbus ($4.1m) and Mary R Gallaspy Charitable Trust No One ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $8.7m against liabilities of $803k, net assets of $7.9m.