Merry Glen Public Benefit

Analysis

Merry Glen Public Benefit is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in May 1963, 63 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, Merry Glen Public Benefit reported income of $2.7m and spending of $2.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.7m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 20%. 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, Merry Glen Public Benefit sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Dixon School of Arts and Sciences Inc ($2.7m), Addlestone Hebrew Academy ($2.7m) and South Walton Academy Inc ($2.7m).

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. Compensation of current officers, directors and key employees was $2.1m (77% of expenses). At year end it held assets of $809k against liabilities of $69k, net assets of $740k. It reported 57 employees.