Merito Foundation Inc

Analysis

Merito Foundation Inc is a registered charity in United States, based in Oxnard, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Merito Foundation Inc reported income of $413k and spending of $382k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $297k to $413k (+39%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 87% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Merito Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Santa Fe Watershed Association ($413k), Frack Action Fund ($413k) and Green Chips ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (25% of expenses). Other salaries and wages came to $105k. At year end it held assets of $129k against liabilities of $12k, net assets of $117k. It reported 6 employees.