Guanyin Meditation Center

Analysis

Guanyin Meditation Center is a registered charity in United States, based in Alameda, CA. It received its IRS tax-exemption ruling in December 2009, 17 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 2023, Guanyin Meditation Center reported income of $150k and spending of $82k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $134k to $150k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Guanyin Meditation Center sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Holy Trinity Hermitage Inc ($150k), Remnant End Times Ministries Inc ($150k) and Penuel International Church Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $974k against liabilities of $33k, net assets of $941k.