Hindu Welfare Association of New York Inc

Analysis

Hindu Welfare Association of New York Inc is a registered charity in United States, based in Bethpage, NY. It received its IRS tax-exemption ruling in October 2013, 13 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 December 2023, Hindu Welfare Association of New York Inc reported income of $478k and spending of $169k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $478k (+237%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 189%. Over the whole period it spent 54% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hindu Welfare Association of New York Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Awaken the Dawn ($478k), Congregation Aish Tamid of Los Angeles ($478k) and St James Faith Lab ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $17k. At year end it held assets of $2.4m against liabilities of $531k, net assets of $1.8m.