Quantum Meditation Society USA Inc

Analysis

Quantum Meditation Society USA Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Quantum Meditation Society USA Inc reported income of $131k and spending of $135k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $201k to $131k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Quantum Meditation Society USA Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Rhode Island Music Educators Association ($131k), Commemorative Bucks of Michigan ($131k) and Olcott Beach Carousel Park Association Inc ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $556k against liabilities of $0, net assets of $556k.