Merakey Midwest

Analysis

Merakey Midwest is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Merakey Midwest reported income of $3.0m and spending of $3.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.6m to $3.0m (-35%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Merakey Midwest sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Resilience ($3.0m), Gi Health Foundation Inc ($3.0m) and Charlotte Neuroscience Association Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 73% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $761k against liabilities of $2.9m, net assets of -$2.1m. It reported 94 employees.