Meridian Education Resource Group Inc

Analysis

Meridian Education Resource Group Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 1995, 31 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, Meridian Education Resource Group Inc reported income of $8.9m and spending of $6.2m, leaving 30% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.3m to $8.9m (+106%), an average of +20% a year. The sharpest change came in the year to August 2020, when income rose by 100%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meridian Education Resource Group Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Chicago Waldorf School ($8.9m), Vincennes University Foundation Inc ($8.9m) and Mission Preparatory ($8.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $557k (8.9% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $10.1m against liabilities of $1.6m, net assets of $8.5m. It reported 46 employees.