MERIT AMERICA

WASHINGTON, DC, 20002-3627 (877) 829-5500 Est. 2019 EIN 84-2108762

P12 - Fund Raising & Fund Distribution 990 - Public charity return 501(c)(3)

Mission

TO PROVIDE A PATH TO SKILLED CAREERS FOR THE MILLIONS OF AMERICANS WITHOUT COLLEGE DEGREES.

Total Revenue

$61,425,877

Total Expenses

$50,954,245

Net Assets

$31,186,413

248 employees 6 volunteers

From latest filing (tax period ending 2024-12-31)

Operating Reserve

7.3 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 42.1%

Expenses ↑ 40.7%

Revenue Sources

Contributions 75.0% Earned revenue 23.4% Investment 1.7%

Expense Breakdown

Program 92.8% Management 4.7% Fundraising 2.5%

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Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$61,425,877 ↑	$50,954,245	$31,186,413
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$43,214,562 ↑	$36,218,842	$20,743,129
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$28,420,779 ↑	$22,530,704	$13,747,409
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$6,184,968 ↑	$3,457,983	$5,416,443
2019 990 - Public charity return Jan 1, 2019 to Dec 31, 2019	$2,796,328 ↑	$16,870	$2,779,458
2019 990 - Public charity return Jun 4, 2019 to Dec 31, 2019	$2,706,328	$16,870	$2,689,458