Meraquas of Irvine

Analysis

Meraquas of Irvine is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Meraquas of Irvine reported income of $182k and spending of $184k, spending 101% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $125k to $182k (+46%), an average of +46% a year. The sharpest change came in the year to August 2023, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Meraquas of Irvine sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Roseburg Soccer Association ($182k), Huntington Village Lacrosse Club Inc ($182k) and Sparkle Support Booster Club ($182k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $48k against liabilities of $1,567, net assets of $46k.