SSB Meditation Center

Analysis

SSB Meditation Center is a registered charity in United States, based in Catheys Vly, CA. It received its IRS tax-exemption ruling in July 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, SSB Meditation Center reported income of $70k and spending of $73k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $70k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, SSB Meditation Center sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Man Hu Ministries Inc ($70k), One Way Ministries ($70k) and Release the Children Inc ($70k).

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 $28k against liabilities of $0, net assets of $28k.