The Prem Rawat Foundation

Analysis

The Prem Rawat Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, The Prem Rawat Foundation reported income of $3.3m and spending of $2.7m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.3m (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Prem Rawat Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Recreation Unlimited Foundation ($3.3m), Dfeeters Soccer Club ($3.3m) and Eastern Pennsylvania Youth Soccer Association ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $80k (2.9% of expenses). Other salaries and wages came to $326k. At year end it held assets of $4.5m against liabilities of $20k, net assets of $4.5m. It reported 6 employees.