Center for Prayer & Meditation Inc

Analysis

Center for Prayer & Meditation Inc is a registered charity in United States, based in Chester, NY. It received its IRS tax-exemption ruling in August 2012, 14 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, Center for Prayer & Meditation Inc reported income of $133k and spending of $84k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $133k (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Center for Prayer & Meditation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Emory Grove Assoc of Baltimore Inc ($133k), Great Is Thy Faithfulness Cogic ($133k) and Agape Chapel Inc ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $2.0m against liabilities of $6,857, net assets of $2.0m.