Georgia Meditation Center Inc
Georgia Meditation Center Inc. shows historical financial stability but reports zero revenue and assets in its latest filing, raising significant questions.
EIN: 113669496 · Atlanta, GA · NTEE: X50 · Updated: 2026-03-28
Is Georgia Meditation Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Georgia Meditation Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Georgia Meditation Center Inc
Georgia Meditation Center Inc (EIN: 113669496) is a nonprofit organization based in Atlanta, GA, classified under NTEE code X50. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Georgia Meditation Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Georgia Meditation Center Inc is a small nonprofit that has been operating for 23 years, with 9 years of IRS 990 filings on record (2010–2018). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $321K |
| Total Expenses | $232K |
| Surplus / Deficit | +$89K |
| Total Assets | $2.9M |
| Total Liabilities | $823K |
| Net Assets | $2.1M |
| Operating Margin | 27.7% |
| Debt-to-Asset Ratio | 28.1% |
| Months of Reserves | 151.4 months |
Financial Health Grade: A
In 2018, Georgia Meditation Center Inc reported a surplus of $89K with revenue exceeding expenses, holds 151.4 months of operating reserves (strong position), has a debt-to-asset ratio of 28.1% (moderate leverage).
Financial Trends
Over 9 years of filings (2010–2018), Georgia Meditation Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -5.3% | -18.1% | +0.4% |
| 2017 | -36.5% | -17.7% | -17.9% |
| 2016 | +33.6% | +28.7% | +0.0% |
| 2015 | +14.2% | +6.4% | -1.9% |
| 2014 | +14.6% | +3.0% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Georgia Meditation Center Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Georgia Meditation Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $89K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with assets consistently in the millions.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Georgia Meditation Center Inc's IRS 990 filings:
- Latest filing reports $0 revenue and assets, a significant and unexplained deviation from historical financial data.
- Consistent high liabilities (e.g., $822,660 in 2018) relative to annual revenues, which could indicate significant debt burden.
- Lack of detailed expense breakdown in available data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Georgia Meditation Center Inc:
- Consistent history of filing IRS Form 990s, indicating a commitment to transparency.
- Reported 0% officer compensation across all filings, suggesting very low executive overhead.
- Historically maintained significant assets (e.g., $2,923,465 in 2018), indicating a solid financial base.
- Generally operated with a surplus in most reported years, demonstrating financial prudence.
Frequently Asked Questions about Georgia Meditation Center Inc
Is Georgia Meditation Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Georgia Meditation Center Inc (EIN: 113669496) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Georgia Meditation Center Inc spend its money?
Georgia Meditation Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Georgia Meditation Center Inc tax-deductible?
Georgia Meditation Center Inc is registered as a tax-exempt nonprofit (EIN: 113669496). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why are the latest reported revenue and assets $0, a drastic change from historical filings?
The sudden drop to $0 revenue and assets, after years of consistent financial activity, is a critical discrepancy that needs clarification to understand the organization's current operational status or potential reporting error.
What is the nature of the significant liabilities, which have consistently been over $800,000?
Understanding whether these liabilities are related to mortgages for facilities or other operational debts would provide insight into the organization's long-term financial commitments and stability.
How does the organization sustain operations with 0% officer compensation?
While admirable, the complete absence of officer compensation for an organization with millions in assets suggests a unique operational model that warrants further explanation regarding leadership and management structure.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown, it's challenging to precisely assess the organization's spending efficiency and how funds are allocated across its mission, overhead, and fundraising efforts.
Filing History
IRS 990 filing history for Georgia Meditation Center Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2010–2018), Georgia Meditation Center Inc's revenue has declined by 3.7%, moving from $333K to $321K. Total assets increased by 1.2% over the same period, from $2.9M to $2.9M. Total functional expenses fell by 13.4%, from $268K to $232K. In its most recent filing year (2018), Georgia Meditation Center Inc reported a surplus of $89K, with revenue exceeding expenses. The organization holds $823K in liabilities against $2.9M in assets (debt-to-asset ratio: 28.1%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $321K | $232K | $2.9M | $823K | — | View 990 |
| 2017 | $339K | $283K | $2.9M | $900K | — | View 990 |
| 2016 | $533K | $344K | $3.5M | $1.6M | — | View 990 |
| 2015 | $399K | $267K | $3.5M | $1.8M | — | View 990 |
| 2014 | $349K | $251K | $3.6M | $2.0M | — | View 990 |
| 2013 | $305K | $244K | $3.5M | $2.0M | — | View 990 |
| 2012 | $323K | $244K | $3.4M | $1.9M | — | View 990 |
| 2011 | $382K | $244K | $3.0M | $1.6M | — | View 990 |
| 2010 | $333K | $268K | $2.9M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $321K, expenses of $232K, and assets of $2.9M (revenue -5.3% year-over-year).
- 2017: Revenue of $339K, expenses of $283K, and assets of $2.9M (revenue -36.5% year-over-year).
- 2016: Revenue of $533K, expenses of $344K, and assets of $3.5M (revenue +33.6% year-over-year).
- 2015: Revenue of $399K, expenses of $267K, and assets of $3.5M (revenue +14.2% year-over-year).
- 2014: Revenue of $349K, expenses of $251K, and assets of $3.6M (revenue +14.6% year-over-year).
- 2013: Revenue of $305K, expenses of $244K, and assets of $3.5M (revenue -5.8% year-over-year).
- 2012: Revenue of $323K, expenses of $244K, and assets of $3.4M (revenue -15.4% year-over-year).
- 2011: Revenue of $382K, expenses of $244K, and assets of $3.0M (revenue +14.8% year-over-year).
- 2010: Revenue of $333K, expenses of $268K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Georgia Meditation Center Inc:
Data Sources and Methodology
This transparency report for Georgia Meditation Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.