Vaishnav Sangh of USA Inc

Analysis

Vaishnav Sangh of USA Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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 December 2023, Vaishnav Sangh of USA Inc reported income of $1.2m and spending of $581k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $301k to $1.2m (+299%), an average of +300% a year. The sharpest change came in the year to December 2023, when income rose by 299%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vaishnav Sangh of USA Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Music Center of the Northwest Inc ($1.2m), Snowbasin Ski Education Foundation ($1.2m) and Evangelical Childrens Home School ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $945k against liabilities of $578k, net assets of $366k.