Mece Inc

Analysis

Mece Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in February 1979, 47 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 2024, Mece Inc reported income of $769k and spending of $801k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $414k to $769k (+85%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 53%. 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, Mece Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include North Carolina Technology in Education Society Ncties ($769k), College Bridge Inc ($769k) and A Best Practices Center ($768k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $70k (8.7% of expenses). Other salaries and wages came to $448k. At year end it held assets of $570k against liabilities of $4,600, net assets of $565k. It reported 31 employees.