Myanmar Buddhist Meditation Society

Analysis

Myanmar Buddhist Meditation Society is a registered charity in United States, based in Windsor Mill, MD. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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, Myanmar Buddhist Meditation Society reported income of $361k and spending of $346k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $361k (+89%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Myanmar Buddhist Meditation Society sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Key Biscayne Children and Education Foundation Inc ($361k), Volunteers of America Inc ($361k) and Nami Cook County North Subrban ($361k).

At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.