Meedan Inc

Analysis

Meedan Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Meedan Inc reported income of $7.7m and spending of $6.9m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $7.7m (+160%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Meedan Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Virginia Repertory Theatre ($7.7m), Artists for Humanity Inc ($7.7m) and Mid-America Arts Alliance ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $369k (5.4% of expenses). Other salaries and wages came to $1.5m. It paid $18k in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $681k, net assets of $4.1m. It reported 22 employees.