Hare Krishna Temple of Austin

Analysis

Hare Krishna Temple of Austin is a registered charity in United States, based in Cedar Park, TX. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hare Krishna Temple of Austin reported income of $493k and spending of $143k, leaving 71% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $344k to $493k (+43%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 27% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hare Krishna Temple of Austin sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Love Fort Wayne Inc ($493k), Eurasian Baptist Mission ($493k) and Jordan Rieser Legacy Foundation ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 4.9% of the total. At year end it held assets of $1.6m against liabilities of $771k, net assets of $818k.