Meher Spiritual Center Inc

Analysis

Meher Spiritual Center Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in April 1962, 64 years ago. 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, Meher Spiritual Center Inc reported income of $3.4m and spending of $2.2m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.4m (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meher Spiritual Center Inc 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 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Childrens Research Triangle ($3.4m), Montessori Education Centers Associated Inc ($3.4m) and Society of St Vincent de Paul Council of Fond du Lac County Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $86k (3.9% of expenses). Other salaries and wages came to $925k. At year end it held assets of $20.0m against liabilities of $48k, net assets of $19.9m. It reported 31 employees.