Lotus Center of Silver City

Analysis

Lotus Center of Silver City is a registered charity in United States, based in Silver City, NM. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lotus Center of Silver City reported income of $105k and spending of $108k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $136k to $105k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lotus Center of Silver City sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within NM. Charities of a similar size with the same main cause include Commons International ($105k), Church of God Pentacostas Way of Florida Inc ($105k) and Wyandotte County Justice Ministry Organization ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 52% of the total. At year end it held assets of $282k against liabilities of $178k, net assets of $104k.