Gem Prep Meridian South

Analysis

Gem Prep Meridian South is a registered charity in United States, based in Deary, ID. It received its IRS tax-exemption ruling in March 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 June 2024, Gem Prep Meridian South reported income of $4.2m and spending of $4.0m, spending 95% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $168k to $4.2m (+2387%), an average of +192% a year. The sharpest change came in the year to June 2023, when income rose by 313%. 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, Gem Prep Meridian South sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within ID. Charities of a similar size with the same main cause include French Broad River Academy Inc ($4.2m), Minuteman Library Network Inc ($4.2m) and Folds of Honor Foundation ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 2.5% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $13.5m against liabilities of $12.9m, net assets of $534k. It reported 58 employees.