Sri Lalitha Temple

Nonprofit profile at a glance

EIN
933923259
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023
Location
Phoenix, AZ, USA
Phone
4803327216
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities N.E.C.

Reported finances

Revenue
$664,868
Expenses
$487,689
Assets
$177,179
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • ANIL KUMAR AMARAVADI (PRESIDENT)

Highest reported compensation

  • ANIL KUMAR AMARAVADI (PRESIDENT): $97,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The nbsp; hindu nbsp; temple nbsp; has nbsp; its nbsp; devotees nbsp; follow nbsp; the nbsp; religion nbsp; of nbsp; hinduism nbsp; which nbsp; is nbsp; monotheistic nbsp; and nbsp; believes nbsp; that nbsp; god nbsp; manifests nbsp; himself nbsp; or nbsp; herself nbsp; in nbsp; several nbsp; forms nbsp; the nbsp; religion nbsp; also nbsp; known nbsp; as nbsp; sanathan nbsp; dharma nbsp;(eternal nbsp; way nbsp; of nbsp; life) nbsp; has nbsp; evolved nbsp; through nbsp; thousands nbsp; of nbsp; years nbsp; it nbsp; is nbsp; a nbsp; way nbsp; of nbsp; life nbsp; and nbsp; embodies nbsp; eternal nbsp; moral nbsp; values nbsp; of nbsp; universal nbsp; principles nbsp; all nbsp; aiming nbsp; at nbsp; an nbsp; essential nbsp; spiritual nbsp; unity nbsp; of nbsp; mankind nbsp; there nbsp; are nbsp; several nbsp; different nbsp; services nbsp; that nbsp; the nbsp; temple nbsp; offers nbsp; the nbsp; community nbsp; including nbsp; those nbsp; for nbsp; the nbsp; youth nbsp; and nbsp; children nbsp; it nbsp; has nbsp; enjoyed nbsp; a nbsp; great nbsp; deal nbsp; of nbsp; interactio

What it reported doing in 2024

The hindu temple has its devotees follow the religion of hinduism which is monotheistic and believes that god manifests himself or herself in several forms. The religion also known as sanathan dharma (eternal way of life) has evolved through thousands of years. It is a way of life and embodies eternal moral values of universal principles all aiming at an essential spiritual unity of mankind. There are several different services that the temple offers the community including those for the youth and children. It has enjoyed a great deal of interaction with other religious traditions in the community. The temple plays an active role in the tri faith community organization. It is also involved in many different community service projects including health fairs supporting other charitable organizations.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 100
  • Accountability: 63
  • Sustainability: 56
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.4%; rating input score 73
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 26.6%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 20%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 195.5% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 200% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 73.4% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 1 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $489K in reported program spending
  • Leadership: top reported pay $98K · 3 people listed
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 15/100.