Quan Am Buddhist Meditation

Analysis

Quan Am Buddhist Meditation is a registered charity in United States, based in Redlands, CA. It received its IRS tax-exemption ruling in October 2005, 21 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 2019, Quan Am Buddhist Meditation reported income of $169k and spending of $42k, leaving 75% of income unspent that year. Across the 2 years on record, from December 2018 to December 2019, income fell from $362k to $169k (-53%), an average of -53% a year. The sharpest change came in the year to December 2019, when income dropped by 53%. Over the whole period it spent 17% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Quan Am Buddhist Meditation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Gujarati Samaj of Montgomery ($169k), Sound of Rain ($169k) and Geneva Campus Ministry at the University of Iowa ($169k).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.