Gem Prep Meridian LLC

Analysis

Gem Prep Meridian LLC is a registered charity in United States, based in Deary, ID. It received its IRS tax-exemption ruling in April 2017, 9 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 June 2024, Gem Prep Meridian LLC reported income of $5.8m and spending of $4.6m, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.7m to $5.8m (+57%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gem Prep Meridian LLC 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 93rd percentile, and in the 96th percentile within ID. Charities of a similar size with the same main cause include Eagle County Charter Academy ($5.8m), Raleigh School Inc ($5.8m) and Florida High School for Accelerated Learning-South Lee Cam ($5.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 3.2% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $13.8m against liabilities of $9.8m, net assets of $4.0m. It reported 81 employees.