Meridian Technology Center Foundation

Analysis

Meridian Technology Center Foundation is a registered charity in United States, based in Stillwater, OK. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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 June 2024, Meridian Technology Center Foundation reported income of $103k and spending of $71k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $41k to $103k (+148%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meridian Technology Center Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within OK. Charities of a similar size with the same main cause include Mid-America Law School Library Consortium ($103k), Korean Educational Institute ($103k) and Abc Preschool ($103k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.