Tergar Meditation Center Of Phoenix
Tergar Meditation Center Of Phoenix shows consistent asset growth and no executive compensation.
EIN: 203224631 · Phoenix, AZ · NTEE: B99 · Updated: 2026-03-28
Is Tergar Meditation Center Of Phoenix Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tergar Meditation Center Of Phoenix directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tergar Meditation Center Of Phoenix
Tergar Meditation Center Of Phoenix (EIN: 203224631) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code B99. The organization reported total revenue of $99K and total assets of $711K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tergar Meditation Center Of Phoenix's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tergar Meditation Center Of Phoenix is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $87K |
| Total Expenses | $39K |
| Surplus / Deficit | +$48K |
| Total Assets | $652K |
| Total Liabilities | $2K |
| Net Assets | $650K |
| Operating Margin | 55.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 201.0 months |
Financial Health Grade: A
In 2023, Tergar Meditation Center Of Phoenix reported a surplus of $48K with revenue exceeding expenses, holds 201.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tergar Meditation Center Of Phoenix's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.7% | -52.8% | +8.1% |
| 2022 | +15.6% | +24.9% | +9.3% |
| 2021 | +13.5% | -8.9% | +11.0% |
| 2020 | +88.5% | +97.7% | +7.3% |
| 2019 | +127.3% | +33.4% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Tergar Meditation Center Of Phoenix with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Tergar Meditation Center Of Phoenix allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Tergar Meditation Center Of Phoenix:
- Consistent asset growth, from $463,060 in 2019 to $651,930 in 2023.
- No officer compensation reported across all filings, indicating high efficiency and dedication.
- Revenues consistently exceed expenses, leading to healthy surpluses (e.g., $86,583 revenue vs. $38,915 expenses in 2023).
- Very low liabilities across all periods (e.g., $2,273 in 2023), demonstrating strong fiscal responsibility.
- Strong program spending ratio due to minimal administrative and fundraising costs.
Frequently Asked Questions about Tergar Meditation Center Of Phoenix
Is Tergar Meditation Center Of Phoenix a legitimate charity?
Based on AI analysis of IRS 990 filings, Tergar Meditation Center Of Phoenix (EIN: 203224631) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Tergar Meditation Center Of Phoenix spend its money?
Tergar Meditation Center Of Phoenix directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tergar Meditation Center Of Phoenix tax-deductible?
Tergar Meditation Center Of Phoenix is registered as a tax-exempt nonprofit (EIN: 203224631). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Tergar Meditation Center Of Phoenix a good charity?
Based on its financial data, Tergar Meditation Center Of Phoenix appears to be a very good charity. It consistently maintains low expenses relative to revenue, has no officer compensation, and shows steady asset growth, all indicating strong financial health and a focus on its mission.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Assets have grown from $463,060 in 2019 to $651,930 in 2023, and revenues have generally outpaced expenses, leading to consistent surpluses and increased financial stability.
What is the organization's approach to executive compensation?
Tergar Meditation Center Of Phoenix has a highly commendable approach to executive compensation, reporting 0% officer compensation across all available filings. This means no officers or key employees are paid salaries, directing more funds to programs.
Filing History
IRS 990 filing history for Tergar Meditation Center Of Phoenix showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tergar Meditation Center Of Phoenix's revenue has declined by 45.5%, moving from $159K to $87K. Total assets increased by 27.3% over the same period, from $512K to $652K. Total functional expenses rose by 19.7%, from $32K to $39K. In its most recent filing year (2023), Tergar Meditation Center Of Phoenix reported a surplus of $48K, with revenue exceeding expenses. The organization holds $2K in liabilities against $652K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $650K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $87K | $39K | $652K | $2K | — | — |
| 2022 | $137K | $82K | $603K | $1K | — | — |
| 2021 | $118K | $66K | $552K | $4K | — | View 990 |
| 2020 | $104K | $72K | $497K | $2K | — | — |
| 2019 | $55K | $37K | $463K | $85 | — | View 990 |
| 2018 | $24K | $27K | $445K | $661 | — | View 990 |
| 2017 | $94K | $36K | $522K | $7K | — | View 990 |
| 2016 | $25K | $32K | $459K | $2K | — | View 990 |
| 2015 | $21K | $37K | $462K | $3K | — | View 990 |
| 2014 | $47K | $53K | $480K | $4K | — | View 990 |
| 2013 | $25K | $38K | $482K | $135 | — | View 990 |
| 2012 | $24K | $41K | $494K | $135 | — | View 990 |
| 2011 | $159K | $32K | $512K | $139 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $87K, expenses of $39K, and assets of $652K (revenue -36.7% year-over-year).
- 2022: Revenue of $137K, expenses of $82K, and assets of $603K (revenue +15.6% year-over-year).
- 2021: Revenue of $118K, expenses of $66K, and assets of $552K (revenue +13.5% year-over-year).
- 2020: Revenue of $104K, expenses of $72K, and assets of $497K (revenue +88.5% year-over-year).
- 2019: Revenue of $55K, expenses of $37K, and assets of $463K (revenue +127.3% year-over-year).
- 2018: Revenue of $24K, expenses of $27K, and assets of $445K (revenue -74.0% year-over-year).
- 2017: Revenue of $94K, expenses of $36K, and assets of $522K (revenue +272.5% year-over-year).
- 2016: Revenue of $25K, expenses of $32K, and assets of $459K (revenue +22.4% year-over-year).
- 2015: Revenue of $21K, expenses of $37K, and assets of $462K (revenue -56.4% year-over-year).
- 2014: Revenue of $47K, expenses of $53K, and assets of $480K (revenue +86.4% year-over-year).
- 2013: Revenue of $25K, expenses of $38K, and assets of $482K (revenue +7.2% year-over-year).
- 2012: Revenue of $24K, expenses of $41K, and assets of $494K (revenue -85.2% year-over-year).
- 2011: Revenue of $159K, expenses of $32K, and assets of $512K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tergar Meditation Center Of Phoenix:
Data Sources and Methodology
This transparency report for Tergar Meditation Center Of Phoenix 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.