Meagans Academic Center Inc

Analysis

Meagans Academic Center Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Meagans Academic Center Inc reported income of $192k and spending of $188k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $173k to $192k (+11%), an average of +11% a year. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Meagans Academic Center Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Grand Haven Young Bucs Athletics Inc ($191k), Passport Atlanta Inc ($192k) and LA Fencing Academy of Pomona ($191k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $83k. At year end it held assets of $32k against liabilities of $0, net assets of $32k.