Won Meditation Center

Analysis

Won Meditation Center is a registered charity in United States, based in Lake Elsinore, CA. It received its IRS tax-exemption ruling in April 2016, 10 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, Won Meditation Center reported income of $916k and spending of $842k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $916k (+213%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 109%. 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, Won Meditation Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Faith for Today Inc ($916k), Gateway International Missions Inc ($917k) and Kalachakra Buddha Association ($916k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Compensation of current officers, directors and key employees was $3,000 (0.4% of expenses). Other salaries and wages came to $15k. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m. It reported 1 employees.