Meridian Qube Fitness Center Inc

Analysis

Meridian Qube Fitness Center Inc is a registered charity in United States, based in Fullerton, CA. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Qube Fitness Center Inc reported income of $727k and spending of $999k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $727k (+843%), an average of +843% a year. The sharpest change came in the year to December 2023, when income rose by 843%. Over the whole period it spent 146% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Meridian Qube Fitness Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Carroll Manor Recreation Council ($727k), The Pride Soccer Club ($727k) and Atletico Santa Rosa ($726k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Other salaries and wages came to $412k. At year end it held assets of $65k against liabilities of $435k, net assets of -$370k. It reported 26 employees.