Port Townsend Meditation Center

Analysis

Port Townsend Meditation Center is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Port Townsend Meditation Center reported income of $66k and spending of $315k, spending 479% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $779k to $66k (-92%), an average of -92% a year. The sharpest change came in the year to June 2024, when income dropped by 92%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Port Townsend Meditation Center sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 20th percentile within WA. Charities of a similar size with the same main cause include Houston Middle School PTO ($66k), Association of Notre Dame Clubs Inc ($66k) and Williamsport Wildcat Athletic Booster Club Inc ($66k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 46% of the total. At year end it held assets of $499k against liabilities of $0, net assets of $499k.