990 Scout/ Merit Academy/ Financials

Financial Information for Merit Academy

Merit Academy's annual revenue was $6.7M in tax year 2024, reported on their IRS Form 990. They spent $8.8M in total expenses. 89% went to programs and services.

Financial Breakdown

What is Merit Academy's total annual expenses?

Merit Academy spent $8.8M in tax year 2024, according to their IRS Form 990 filing.

How much of Merit Academy's budget goes to programs?

Merit Academy spent $7.8M (89% of expenses) on programs and services in tax year 2024.

How much does Merit Academy spend on overhead?

Merit Academy's overhead in tax year 2024 includes administrative (11%) of their expenses.

What is Merit Academy's net worth?

Merit Academy had net assets of −$4.8M as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.