Meridian Community College FDN

Analysis

Meridian Community College FDN is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in March 1971, 55 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Meridian Community College FDN reported income of $3.5m and spending of $1.7m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.5m (+81%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 117%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meridian Community College FDN sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MS. Charities of a similar size with the same main cause include Hospice of Fulton County Inc ($3.5m), Pennsylvania Trolley Museum Inc ($3.5m) and Spanish Speaking Elderly Council - Raices Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. It paid $17k in professional fundraising fees. At year end it held assets of $25.3m against liabilities of $262k, net assets of $25.1m.