Hiranyagarbha Yuga Ashram

Analysis

Hiranyagarbha Yuga Ashram is a registered charity in United States, based in Callaway, VA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hiranyagarbha Yuga Ashram reported income of $58k and spending of $36k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $58k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hiranyagarbha Yuga Ashram sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include The Slinger Community Food Pantry Inc ($58k), Harstine Island Community Club ($58k) and Zichron Dovid Hakohen Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $114k against liabilities of $847, net assets of $113k.