Sri Lakshmi Venkateswara Temple and Cultural Center

Analysis

Sri Lakshmi Venkateswara Temple and Cultural Center is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sri Lakshmi Venkateswara Temple and Cultural Center reported income of $1.4m and spending of $545k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $342k to $1.4m (+323%), an average of +323% a year. The sharpest change came in the year to December 2023, when income rose by 323%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sri Lakshmi Venkateswara Temple and Cultural Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Sacred Learning NFP ($1.4m), Pentecostal Church New Rebirth ($1.4m) and Our Fathers Children Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $53k. At year end it held assets of $867k against liabilities of $0, net assets of $867k.