Advaita Meditation Center a Non Profit Corporation

Analysis

Advaita Meditation Center a Non Profit Corporation is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2024, Advaita Meditation Center a Non Profit Corporation reported income of $55k and spending of $90k, spending 163% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income fell from $65k to $55k (-15%), an average of -4.0% a year. The sharpest change came in the year to July 2022, when income rose by 1477%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Advaita Meditation Center a Non Profit Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Armenian Research Foundation ($55k), Oldies Preservation Society ($55k) and The Breema Center ($55k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 6.4% and program service revenue 36% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.