Merton College

Analysis

Merton College is a registered charity in United States, based in United Kingdom. It received its IRS tax-exemption ruling in November 1957, 69 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending July 2024, Merton College reported income of $23.1m and spending of $22.0m, spending 95% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $16.8m to $23.1m (+38%), an average of +6.7% a year. The sharpest change came in the year to July 2023, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merton College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile. Charities of a similar size with the same main cause include Chicago & Vicinity Laborers ($23.1m), The Heights Inc ($23.1m) and First Community Housing ($23.1m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 3.6% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $1.3m (6.0% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $526.5m against liabilities of $3.1m, net assets of $523.4m.