The Meridian Preschool Inc

Analysis

The Meridian Preschool Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Meridian Preschool Inc reported income of $2.0m and spending of $2.1m, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $189k to $2.0m (+982%), an average of +121% a year. The sharpest change came in the year to December 2021, when income rose by 468%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Meridian Preschool Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Association of Advanced Rabbinical and Talmudic Schools Inc ($2.0m), Lodi Christian School ($2.0m) and Quad Cities Christian School ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.3m against liabilities of $1.9m, net assets of -$650k.

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.