Sadananda Inc

Analysis

Sadananda Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sadananda Inc reported income of $560k and spending of $641k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $213k to $560k (+163%), an average of +163% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sadananda Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Multi-Ethnic Youth Group Association Inc ($560k), Family Life Center of New Braunfels ($560k) and Qualitas of Life Foundation ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $33k in professional fundraising fees. At year end it held assets of $18k against liabilities of $0, net assets of $18k.