Meridian Academy Inc

Analysis

Meridian Academy Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in July 2004, 22 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 2023, Meridian Academy Inc reported income of $3.1m and spending of $3.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $3.1m (+50%), an average of +11% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meridian Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Franklin Classical School ($3.1m), Tee It Up for the Troops Inc ($3.1m) and Woodland Star Charter School ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $90k (2.9% of expenses). At year end it held assets of $3.5m against liabilities of $2.8m, net assets of $660k. It reported 26 employees.