Meridian School

Analysis

Meridian School is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1979, 47 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 2023, Meridian School reported income of $7.7m and spending of $8.0m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.9m to $7.7m (+31%), an average of +9.4% a year. The sharpest change came in the year to June 2021, when income rose by 23%. 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, Meridian School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Launch Expeditionary Learning Charter School ($7.7m), Build Wealth MN Inc ($7.7m) and Community Leaders Advocating Student Success Inc ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $456k (5.7% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $23.2m against liabilities of $18.7m, net assets of $4.6m. It reported 94 employees.