Online Meditation Events Inc

Analysis

Online Meditation Events Inc is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 December 2023, Online Meditation Events Inc reported income of $75k and spending of $61k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $75k (-14%), an average of -14% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Online Meditation Events Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Friends of the West Bloomfield Township Library ($75k), Merchants Toy-N-Joy Benefit Inc ($75k) and The Taunton Fire Company ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $79k against liabilities of $3,527, net assets of $76k.