Long Island Buddhist Meditation Center

Analysis

Long Island Buddhist Meditation Center is a registered charity in United States, based in Riverhead, NY. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Long Island Buddhist Meditation Center reported income of $114k and spending of $88k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $26k to $114k (+333%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 241%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Long Island Buddhist Meditation Center sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Odms ($114k), Spanish Baptist Missions ($114k) and Trinity First Hope Center ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $215k against liabilities of $107k, net assets of $108k.