Meor Inc

Analysis

Meor Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in November 2002, 24 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 August 2023, Meor Inc reported income of $6.5m and spending of $6.3m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.8m to $6.5m (+37%), an average of +8.1% a year. The sharpest change came in the year to August 2023, when income rose by 28%. 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, Meor Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Wisconsin Manufacturing Extension Partnership Inc ($6.5m), In Medias Res ($6.5m) and CPLC Community Schools ($6.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Other salaries and wages came to $790k. At year end it held assets of $156k against liabilities of $573k, net assets of -$416k.