Merivis Foundation Inc

Analysis

Merivis Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Merivis Foundation Inc reported income of $207k and spending of $188k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $310k to $207k (-33%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Merivis Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Atchison County Community Schools Education Foundation ($207k), Falcon Football Boosters ($207k) and Brock Center ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $125k (66% of expenses). Other salaries and wages came to $16k. At year end it held assets of $81k against liabilities of $1,975, net assets of $79k. It reported 2 employees.