Medical Education Resources Initiative for Teens Inc

Analysis

Medical Education Resources Initiative for Teens Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Medical Education Resources Initiative for Teens Inc reported income of $580k and spending of $806k, spending 139% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.8m to $580k (-68%), an average of -25% a year. The sharpest change came in the year to August 2020, when income dropped by 58%. Over the whole period it spent 80% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Medical Education Resources Initiative for Teens Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Boys and Girls Club of South Park Inc ($580k), Israeli Scouts of Los Angeles ($581k) and NYC Impact Sports Inc ($580k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $133k (16% of expenses). Other salaries and wages came to $285k. At year end it held assets of $1.9m against liabilities of $68k, net assets of $1.8m. It reported 9 employees.