Tergar Meditation Center of Phoenix

Analysis

Tergar Meditation Center of Phoenix is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Tergar Meditation Center of Phoenix reported income of $87k and spending of $39k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $55k to $87k (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tergar Meditation Center of Phoenix sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within AZ. Charities of a similar size with the same main cause include American Association of University Women Redlands California Branch ($87k), The Marina Foundation ($87k) and Association of Chief Academic Officers Inc ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $9,900. At year end it held assets of $652k against liabilities of $2,273, net assets of $650k. It reported 1 employees.