Meba Training Plan

Analysis

Meba Training Plan is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Meba Training Plan reported income of $8.3m and spending of $7.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.8m to $8.3m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meba Training Plan sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Jefferson Clarion Head Start Inc ($8.3m), Kepler Education ($8.3m) and Bes Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 84% of the total. Compensation of current officers, directors and key employees was $201k (2.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $16.5m against liabilities of $852k, net assets of $15.6m. It reported 68 employees.