The Mindfulness Center Inc

Analysis

The Mindfulness Center Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, The Mindfulness Center Inc reported income of $302k and spending of $317k, spending 105% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $614k to $302k (-51%), an average of -21% a year. The sharpest change came in the year to December 2021, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Mindfulness Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Lorraines House ($302k), National Chaplains Association Inc ($302k) and The Preschool at Kapalua ($302k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $94k (30% of expenses). Other salaries and wages came to $13k. At year end it held assets of $1,110 against liabilities of $1,850, net assets of -$740. It reported 6 employees.