Yogananda Seva Inc

Analysis

Yogananda Seva Inc is a registered charity in United States, based in Encinitas, CA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Yogananda Seva Inc reported income of $3.7m and spending of $3.8m, spending 102% of its income. Across the 5 years on record, from June 2020 to September 2023, income grew from $494k to $3.7m (+658%), an average of +66% a year. The sharpest change came in the year to September 2022, when income rose by 1311%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Yogananda Seva 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 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Michindoh Conference Center ($3.7m), Plaza Jewish Community Chapel Inc ($3.8m) and Strategic Launch Network ($3.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $211k (5.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $1.1m against liabilities of $316k, net assets of $815k. It reported 35 employees.