Meriter Foundation Inc

Analysis

Meriter Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Meriter Foundation Inc reported income of $3.5m and spending of $3.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.5m (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Meriter Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Association of Small Foundations ($3.5m), Loring Wolcott & Coolidge Charitable TR - I ($3.5m) and Chabad of Argentina Relief Appeal Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $287k (8.9% of expenses). Other salaries and wages came to $464k. At year end it held assets of $24.8m against liabilities of $1.8m, net assets of $23.0m. It reported 10 employees.