Merakey USA

Analysis

Merakey USA is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Merakey USA reported income of $70.9m and spending of $76.3m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $59.2m to $70.9m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Merakey USA sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Aspirus Keweenaw ($70.9m), Options for Southern Oregon ($71.0m) and Health Systems Facilities Inc ($70.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $4.0m (5.2% of expenses). Other salaries and wages came to $35.6m. At year end it held assets of $167.9m against liabilities of $87.5m, net assets of $80.4m. It reported 850 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.