Seattle Meditation Center

Analysis

Seattle Meditation Center is a registered charity in United States, based in Mountlake Ter, WA. It received its IRS tax-exemption ruling in July 2003, 23 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 2022, Seattle Meditation Center reported income of $818k and spending of $746k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $576k to $818k (+42%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Seattle Meditation Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Teen Flow ($818k), You Turn Ministries Inc ($818k) and Patris Corde Hermitage ($818k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $313k. At year end it held assets of $2.5m against liabilities of $155k, net assets of $2.3m. It reported 9 employees.