Meridzo Center Inc

Analysis

Meridzo Center Inc is a registered charity in United States, based in Lynch, KY. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Meridzo Center Inc reported income of $608k and spending of $887k, spending 146% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $406k to $608k (+50%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 145%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Meridzo Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within KY. Charities of a similar size with the same main cause include Norristown Hospitality Center ($608k), Lutherans in Africa ($608k) and Santiago Retreat Center ($607k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $41k (4.6% of expenses). At year end it held assets of $891k against liabilities of $153k, net assets of $738k. It reported 4 employees.