Universal Door Meditation Center

Analysis

Universal Door Meditation Center is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Universal Door Meditation Center reported income of $1.8m and spending of $255k, leaving 86% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.5m to $1.8m (+14%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 16% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Universal Door Meditation Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Nazarene Compassionate Ministries Inc ($1.8m), Yeshivas Ner Moshe Association ($1.8m) and Benzie Area Christian Neighbors Inc ($1.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 55% and program service revenue 41% of the total. At year end it held assets of $9.1m against liabilities of $5,000, net assets of $9.1m.