Lokenath Mission of USA Inc

Analysis

Lokenath Mission of USA Inc is a registered charity in United States, based in Glen Oaks, NY. It received its IRS tax-exemption ruling in November 2021, 5 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 September 2023, Lokenath Mission of USA Inc reported income of $54k and spending of $40k, leaving 26% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income fell from $91k to $54k (-40%), an average of -22% a year. The sharpest change came in the year to September 2022, when income dropped by 57%. Over the whole period it spent 41% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lokenath Mission of USA Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Seventh Trumpet Ministries ($54k), Ministerio Cristiano Monte Hermon ($54k) and Help Overcoming Painful Experiences ($54k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.