New Meridian Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 350,000 | 115,416 | 234,584 | 24.4 | 0% |
| 2017 | 655,000 | 425,989 | 229,011 | 13.1 | 14% |
| 2018 | 24,477,455 | 15,248,652 | 9,228,803 | 7.6 | 10% |
| 2019 | 21,169,200 | 20,583,603 | 585,597 | 6.0 | 12% |
| 2020 | 18,823,879 | 14,704,542 | 4,119,337 | 12.5 | 24% |
| 2021 | 18,812,009 | 16,772,804 | 2,039,205 | 12.4 | 33% |
| 2022 | 20,374,244 | 18,980,820 | 1,393,424 | 11.8 | 35% |
| 2023 | 24,626,066 | 28,215,955 | −3,589,889 | 6.4 | 36% |
In its most recent public year (2023), this organization spent $3,589,889 more than it brought in. Its reserves stood at about 6.4 months of spending, down from 24.4 in 2016. Staff pay was 36% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
New Meridian Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works