Meredith College

Analysis

Meredith College is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1942, 84 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, Meredith College reported income of $85.9m and spending of $86.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $86.2m to $85.9m (-0.3%), an average of -0.1% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meredith College sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Franklin Pierce University ($85.8m), Doane University ($86.2m) and Knox College ($85.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.4m (1.6% of expenses). Other salaries and wages came to $25.4m. At year end it held assets of $213.0m against liabilities of $58.3m, net assets of $154.7m. It reported 1,138 employees.