Mahasatipatthana Meditation Center Inc

Analysis

Mahasatipatthana Meditation Center Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in September 2000, 26 years ago. 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 2023, Mahasatipatthana Meditation Center Inc reported income of $62k and spending of $16k, leaving 74% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $57k to $62k (+8.0%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 31% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mahasatipatthana Meditation Center Inc 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 24th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Woodland Home for Orphans and Friendless ($62k), Octavo Singers of Schenectady New York Inc ($62k) and Elegius Mini Equine Sanctuary ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $558k against liabilities of $33k, net assets of $525k.