Meridian Library District Foundation Inc

Analysis

Meridian Library District Foundation Inc is a registered charity in United States, based in Meridian, ID. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Meridian Library District Foundation Inc reported income of $123k and spending of $142k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $324k to $123k (-62%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meridian Library District Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within ID. Charities of a similar size with the same main cause include West Central Valley Scholarships ($123k), Family School Alliance ($123k) and Ingram Lee Foundation ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.