Mahamevnawa Meditation Center of Greater Washington DC

Analysis

Mahamevnawa Meditation Center of Greater Washington DC is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in February 2012, 14 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, Mahamevnawa Meditation Center of Greater Washington DC reported income of $113k and spending of $84k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $113k (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mahamevnawa Meditation Center of Greater Washington DC 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 41st percentile within MD. Charities of a similar size with the same main cause include Heavenly Grace Ministries Inc ($113k), Love Inc of Springville Ny ($113k) and Missionamerica Coalition ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $498k against liabilities of $0, net assets of $498k.