Meridian Public Charter School

Analysis

Meridian Public Charter School is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2000, 26 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 June 2023, Meridian Public Charter School reported income of $20.5m and spending of $20.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.9m to $20.5m (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 17%. 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, Meridian Public Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 93rd percentile within DC. Charities of a similar size with the same main cause include Berkeley Charter Education Association Inc ($20.5m), Thomas University Inc ($20.5m) and Indian Mountain School Incorporated ($20.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $188k (0.9% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $26.0m against liabilities of $14.8m, net assets of $11.3m. It reported 135 employees.