Peace of Mind Yogic Center Inc

Analysis

Peace of Mind Yogic Center Inc is a registered charity in United States, based in Leander, TX. It received its IRS tax-exemption ruling in November 2006, 20 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, Peace of Mind Yogic Center Inc reported income of $74k and spending of $53k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $74k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 49% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Peace of Mind Yogic Center Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Waves International Inc ($74k), Mision Pentecostal Cristiana ($74k) and Camp Talahi Retreat and Nature Center ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $291k against liabilities of $0, net assets of $291k.