Meridian Restoration Foundation Inc

Analysis

Meridian Restoration Foundation Inc is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in April 1968, 58 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Meridian Restoration Foundation Inc reported income of $178k and spending of $90k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $276k to $178k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meridian Restoration Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within MS. Charities of a similar size with the same main cause include Ancient Order Land Corp ($178k), International Genetic Epidemiology Society Inc ($178k) and Community Trust Fund of Volunteer League of San Fernando Valley ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $15k. At year end it held assets of $709k against liabilities of $100, net assets of $709k. It reported 1 employees.