Meditation Center of Texas

Analysis

Meditation Center of Texas is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in May 2005, 21 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, Meditation Center of Texas reported income of $325k and spending of $364k, spending 112% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $340k to $325k (-4.6%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Meditation Center of Texas sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Cambridge House for Inner Peace Inc ($325k), Holiness Church of God of Bethlehem Inc ($325k) and National Laboratory for Education Transformation ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $29k (7.9% of expenses). At year end it held assets of $1.0m against liabilities of $1.1m, net assets of -$25k. It reported 10 employees.