Center for the Practice of Zen Buddhist Meditation

Analysis

Center for the Practice of Zen Buddhist Meditation is a registered charity in United States, based in Sequim, WA. It received its IRS tax-exemption ruling in September 1984, 42 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, Center for the Practice of Zen Buddhist Meditation reported income of $768k and spending of $364k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $674k to $768k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 257%. Over the whole period it spent 46% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Center for the Practice of Zen Buddhist Meditation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Cloud Walk Worldwide Inc ($767k), Mercy Nairobi Foundation Inc ($768k) and Quran Foundation Inc ($767k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $115k (32% of expenses). Other salaries and wages came to $65k. At year end it held assets of $3.3m against liabilities of $22k, net assets of $3.3m. It reported 4 employees.