Merakey New Jersey Inc

Analysis

Merakey New Jersey Inc is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in March 1983, 43 years ago. 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 June 2023, Merakey New Jersey Inc reported income of $15.7m and spending of $15.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $15.7m (+125%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 119%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merakey New Jersey 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 96th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Natural Heritage Trust ($15.7m), Association of Food and Drug Officials ($15.7m) and Young Mens Christian Association of Greater Des Moines ($15.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $9.0m. At year end it held assets of $3.8m against liabilities of $4.6m, net assets of -$751k. It reported 249 employees.