Meridian Healthcare

Analysis

Meridian Healthcare is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in August 1982, 44 years ago. 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 June 2023, Meridian Healthcare reported income of $19.0m and spending of $18.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.7m to $19.0m (+14%), an average of +3.3% 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, Meridian Healthcare sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include El Castillo Retirement Residences ($19.0m), Dentistry Vcu ($19.0m) and New Hope Village ($19.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $732k (4.0% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $13.9m against liabilities of $5.4m, net assets of $8.6m. It reported 345 employees.