Ayurvedic Institute

Analysis

Ayurvedic Institute is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in January 1986, 40 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ayurvedic Institute reported income of $3.0m and spending of $2.5m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.2m to $3.0m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ayurvedic Institute sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Montessori Discovery of the Child Foundation Inc ($3.0m), Utah Electrical Joint Apprenticeship and Training ($3.0m) and Rise Economy ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $275k (11% of expenses). Other salaries and wages came to $635k. At year end it held assets of $6.2m against liabilities of $2.1m, net assets of $4.1m. It reported 52 employees.