American Meditation Institute

Analysis

American Meditation Institute is a registered charity in United States, based in Averill Park, NY. It received its IRS tax-exemption ruling in January 1999, 27 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 June 2024, American Meditation Institute reported income of $243k and spending of $262k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income fell from $311k to $243k (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2024, when income rose by 91%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Meditation Institute sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Puerto Rico Public and Applied Social Sciences Workshop Inc ($243k), Uptown Dance Academy Inc ($243k) and Lima Symphony Orchestra Endowment TR 03-17-89 ($243k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $50k (19% of expenses). At year end it held assets of $177k against liabilities of $23k, net assets of $155k.