Sri Siddhi Vinayaka Devasthan Inc

Analysis

Sri Siddhi Vinayaka Devasthan Inc is a registered charity in United States, based in Shrewsbury, MA. It received its IRS tax-exemption ruling in November 2022, 4 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 Siddhi Vinayaka Devasthan Inc reported income of $158k and spending of $118k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $219k to $158k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sri Siddhi Vinayaka Devasthan Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Bring It to Life Ministries ($158k), Ministerio Internacional Evangelio de Salvacion ($158k) and Ame International ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $24k, net assets of $94k.