Harry Meyering Center Inc

Analysis

Harry Meyering Center Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Harry Meyering Center Inc reported income of $11.6m and spending of $12.6m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.8m to $11.6m (-1.9%), an average of -0.5% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harry Meyering Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Richmond Residential Services Inc ($11.6m), Community Services of Northeast Texas Inc ($11.6m) and Mainstream Nonprofit Solutions Inc ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $204k (1.6% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $16.3m against liabilities of $1.2m, net assets of $15.1m. It reported 453 employees.