Meeting Street Schools

Analysis

Meeting Street Schools is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in July 2007, 19 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 June 2023, Meeting Street Schools reported income of $41.2m and spending of $41.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.1m to $41.2m (+46%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 846%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meeting Street Schools sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include City University of Seattle ($41.2m), Project Kitty Hawk Inc ($41.2m) and Growing Up Green Charter School II ($41.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $647k (1.6% of expenses). Other salaries and wages came to $21.2m. At year end it held assets of $295.9m against liabilities of $2.9m, net assets of $293.0m. It reported 518 employees.