Lone Star Buddhist Meditation Center Mahamevnawa Buddhist Center

Analysis

Lone Star Buddhist Meditation Center Mahamevnawa Buddhist Center is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in September 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, Lone Star Buddhist Meditation Center Mahamevnawa Buddhist Center reported income of $304k and spending of $46k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $249k to $304k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 22% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lone Star Buddhist Meditation Center Mahamevnawa Buddhist Center sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Falcos Children Africa Inc ($304k), Im in Ministry ($304k) and Portland Chevra Kadisha a Maine Nonprofit Corp - T13-B ($304k).

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 $394k against liabilities of $46k, net assets of $348k.