Lotus Sea Samadhi Meditation Center

Analysis

Lotus Sea Samadhi Meditation Center is a registered charity in United States, based in Rockwood, MI. It received its IRS tax-exemption ruling in November 2022, 4 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, Lotus Sea Samadhi Meditation Center reported income of $206k and spending of $55k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $206k (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 18% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lotus Sea Samadhi Meditation Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Lifecycles Inc ($206k), Walking Gods Trail ($206k) and John Schmid Common Ground Ministries Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $4,955 (9.0% of expenses). At year end it held assets of $253k against liabilities of $0, net assets of $253k. It reported 1 employees.