Meditation Groups Inc

Analysis

Meditation Groups Inc is a registered charity in United States, based in Ojai, CA. It received its IRS tax-exemption ruling in January 1964, 62 years ago. 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 June 2023, Meditation Groups Inc reported income of $452k and spending of $668k, spending 148% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $56k to $452k (+707%), an average of +68% a year. The sharpest change came in the year to June 2020, when income rose by 1201%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meditation Groups Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Rotary Club of Jackson Hole Foundation ($452k), Community Association Institute Research Foundation ($453k) and Bay Education Foundation Inc ($452k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 40% of the total. Other salaries and wages came to $366k. At year end it held assets of $619k against liabilities of $4,743, net assets of $615k. It reported 15 employees.