Merakey Idd Philadelphia

Analysis

Merakey Idd Philadelphia is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in July 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 Idd Philadelphia reported income of $40.9m and spending of $44.5m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $42.4m to $40.9m (-3.7%), an average of -0.9% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merakey Idd Philadelphia sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Mary Cariola Childrens Center Inc ($40.9m), Talladega College ($40.9m) and Five Acres-The Boys & Girls Aid Society of Los Angeles County ($40.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $24.7m. At year end it held assets of $9.1m against liabilities of $18.7m, net assets of -$9.7m. It reported 607 employees.