Merakey Parkside Recovery

Analysis

Merakey Parkside Recovery is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in January 1986, 40 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 Parkside Recovery reported income of $26.1m and spending of $23.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.1m to $26.1m (+115%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merakey Parkside Recovery 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 97th percentile within PA. Charities of a similar size with the same main cause include Childrens Center for Treatment and Education ($26.1m), North American Family Institute Inc ($26.1m) and Child & Family Services of Erie County ($26.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $9.9m. At year end it held assets of $11.2m against liabilities of $6.0m, net assets of $5.2m. It reported 300 employees.