Meristem Inc

Analysis

Meristem Inc is a registered charity in United States, based in Fair Oaks, CA. It received its IRS tax-exemption ruling in January 2015, 11 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 May 2023, Meristem Inc reported income of $4.3m and spending of $5.6m, spending 131% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $6.1m to $4.3m (-31%), an average of -8.7% a year. The sharpest change came in the year to May 2022, when income rose by 99%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meristem Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Gratz College ($4.3m), Corporation for a Skilled Workforce ($4.3m) and George Junior Republic ($4.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 47% and program service revenue 55% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $8.1m against liabilities of $473k, net assets of $7.6m. It reported 1 employees.