Ved Vignan Mahavidyapeeth

Analysis

Ved Vignan Mahavidyapeeth is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in February 1994, 32 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, Ved Vignan Mahavidyapeeth reported income of $14.2m and spending of $3.1m, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $14.2m (+130%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 31% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ved Vignan Mahavidyapeeth sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within NH. Charities of a similar size with the same main cause include Kansas Elks Training Center for the Handicapped Inc ($14.2m), Urhai Community Service Center ($14.2m) and St Joseph Infant & Maternity Home ($14.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 37% of the total. Other salaries and wages came to $580k. At year end it held assets of $66.8m against liabilities of $1.1m, net assets of $65.7m. It reported 12 employees.