Buddhist Meditation Center-Maryland Inc

Analysis

Buddhist Meditation Center-Maryland Inc is a registered charity in United States, based in Dickerson, MD. It received its IRS tax-exemption ruling in March 2019, 7 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, Buddhist Meditation Center-Maryland Inc reported income of $83k and spending of $68k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $338k to $83k (-75%), an average of -30% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 44% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Buddhist Meditation Center-Maryland Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include Midwest Alliance Pca Inc ($83k), Follow Him with US Inc ($83k) and Barnabas and Partners ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $620k against liabilities of $161k, net assets of $458k.