Environment
(C32)
IRS Verified
DX Registered
MERITO FOUNDATION INC
CharityAI™ Score
Not yet evaluated
Mission Statement
To protect the ocean by engaging multicultural youth and their communities in transformative experiences in environmental education, scientific research, outdoor recreation, marine conservation & entrepreneurship.
Financial Overview — FY 2023
$413K
Total Revenue
$382K
Total Expenses
$117K
Net Assets
6
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
82.8%
Fundraising Efficiency
0.0%
Operating Reserve
3.67x
Liability-to-Asset
9.5%
Revenue Diversification
99.9%
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $413K | $382K | $117K | 82.8% | 6 |
| 2022 | $322K | $310K | N/A | — | 5 |
| 2021 | $297K | $211K | N/A | — | 4 |
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