Merakey Foundation

Analysis

Merakey Foundation is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in December 1999, 27 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 (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 Foundation reported income of $1.7m and spending of $1.0m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.7m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 64% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Merakey Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Manheim Township Ambulance Association ($1.7m), United Home Health Services Inc ($1.7m) and Nassau Health Care Foundation Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $325k. At year end it held assets of $10.5m against liabilities of $53k, net assets of $10.4m.