Merit Shop Training Inc

Analysis

Merit Shop Training Inc is a registered charity in United States, based in Freeport, TX. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Merit Shop Training Inc reported income of $540k and spending of $587k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $772k to $540k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Merit Shop Training Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Our Valley Our Future ($540k), Yazoo County Fair & Civic League Inc ($540k) and Mount Hope Community Center Inc ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $73k (13% of expenses). Other salaries and wages came to $134k. At year end it held assets of $1.8m against liabilities of $68k, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.