Meira Academy

Analysis

Meira Academy is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Meira Academy reported income of $639k and spending of $622k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $927k to $639k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meira Academy sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include New American Development Center ($639k), Jenkins Hill Child Development Center ($639k) and Foundations Christian Academy Inc ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $3,600 (0.6% of expenses). Other salaries and wages came to $309k. At year end it held assets of $283k against liabilities of $259k, net assets of $24k. It reported 19 employees.