Blue Meridian Partners Inc

Analysis

Blue Meridian Partners Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Blue Meridian Partners Inc reported income of $353.3m and spending of $481.7m, spending 136% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $194.9m to $353.3m (+81%), an average of +16% a year. The sharpest change came in the year to September 2022, when income rose by 545%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blue Meridian Partners Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Harbor Devlopmental Disabilities Foundation ($349.7m), Eastern Los Angeles Regional Center for Developmentally Disabled Inc ($355.0m) and Wounded Warrior Project Inc ($348.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $5.7m (1.2% of expenses). Other salaries and wages came to $15.3m. At year end it held assets of $2.26bn against liabilities of $6.7m, net assets of $2.25bn. It reported 86 employees.