Sringeri Education and Vedic Academy Inc

Analysis

Sringeri Education and Vedic Academy Inc is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in August 2020, 6 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 December 2023, Sringeri Education and Vedic Academy Inc reported income of $180k and spending of $178k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $228k to $180k (-21%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sringeri Education and Vedic Academy Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Korean Inter-Missions Network ($180k), Mere Anglicanism ($180k) and Sisters of St Joseph of the Catholic Archdiocese of Mombasa Ke ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $22k (12% of expenses). At year end it held assets of $161k against liabilities of $57k, net assets of $104k. It reported 1 employees.