Meridian Library Association Inc

Analysis

Meridian Library Association Inc is a registered charity in United States, based in Meridian, TX. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Library Association Inc reported income of $92k and spending of $64k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $92k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. 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, Meridian Library Association Inc 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 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Parent Booster USA Inc ($92k), Robert Potter Foundation ($92k) and Howard-Suamico Educational Foundation Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 2.0% of the total. At year end it held assets of $191k against liabilities of $21k, net assets of $169k.