Olean Meditation Center Inc

Analysis

Olean Meditation Center Inc is a registered charity in United States, based in Olean, NY. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Olean Meditation Center Inc reported income of $111k and spending of $69k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $111k (+159%), an average of +159% a year. The sharpest change came in the year to December 2023, when income rose by 159%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Olean Meditation Center Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Fervent Fire Evangelistic Ministries Inc ($111k), American Society of Missiology Inc ($111k) and Equipo Impacto Corporation ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 12% of the total. At year end it held assets of $343k against liabilities of $13k, net assets of $330k.