Meredith-Dunn Learning Center Inc

Analysis

Meredith-Dunn Learning Center Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1974, 52 years ago. 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 May 2023, Meredith-Dunn Learning Center Inc reported income of $3.7m and spending of $3.6m, spending 98% of its income. Across the 4 years on record, from July 2019 to May 2023, income fell from $3.8m to $3.7m (-1.9%), an average of -0.6% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meredith-Dunn Learning Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($3.7m), Visiting Nurses Association Home Care Inc ($3.7m) and Cris Healthy Aging ($3.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 13% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $288k (7.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.9m against liabilities of $342k, net assets of $3.6m. It reported 56 employees.