Meedan Inc
Meedan Inc. shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 204504068 · San Francisco, CA · NTEE: U41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.7M |
| Total Expenses | $6.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7.6M |
| Net Assets | $4.1M |
| Transparency Score | 90/100 |
Is Meedan Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Meedan Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meedan Inc
Meedan Inc (EIN: 204504068) is a nonprofit organization based in San Francisco, CA, classified under NTEE code U41. The organization reported total revenue of $6.7M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meedan Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meedan Inc is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 19.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.7M |
| Total Expenses | $6.9M |
| Surplus / Deficit | +$803K |
| Total Assets | $4.7M |
| Total Liabilities | $681K |
| Net Assets | $4.1M |
| Operating Margin | 10.5% |
| Debt-to-Asset Ratio | 14.4% |
| Months of Reserves | 8.3 months |
Financial Health Grade: A
In 2023, Meedan Inc reported a surplus of $803K with revenue exceeding expenses, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 14.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Meedan Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.9% | +28.1% | +26.7% |
| 2022 | +7.4% | +50.7% | +18.3% |
| 2021 | +47.2% | -0.5% | +112.4% |
| 2020 | +23.6% | +37.9% | +1.5% |
| 2019 | +64.9% | +93.9% | +84.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Meedan Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Meedan Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $803K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.4%.
Executive Compensation Analysis
Meedan Inc. reports 0% officer compensation across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size and revenue ($7.6M in 2023). This suggests either a volunteer-led executive team or that executive compensation is reported under other expense categories, warranting further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Meedan Inc's IRS 990 filings:
- 0% officer compensation reported for an organization with over $7M in revenue, which is highly unusual and may indicate compensation is categorized differently or that the organization is entirely volunteer-led at the executive level, requiring further clarification.
Strengths
The following positive indicators were identified for Meedan Inc:
- Consistent revenue growth, increasing from $175,530 in 2015 to $7,679,114 in 2023.
- Healthy surplus generation, with revenue consistently exceeding expenses in recent years (e.g., $7.6M revenue vs. $6.8M expenses in 2023).
- Significant asset accumulation, growing from $1.4M in 2020 to $4.7M in 2023, indicating strong financial reserves.
- Low liabilities relative to assets, maintaining a strong balance sheet.
- Long filing history (14 filings) demonstrating consistent compliance and transparency in reporting.
Frequently Asked Questions about Meedan Inc
Is Meedan Inc a legitimate charity?
Meedan Inc (EIN: 204504068) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $6.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Meedan Inc spend its money?
Meedan Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Meedan Inc tax-deductible?
Meedan Inc is registered as a tax-exempt nonprofit (EIN: 204504068). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Meedan Inc CEO make?
Meedan Inc's highest-compensated officer earns $7.6M annually. The organization reported $6.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Meedan Inc's spending goes to programs?
Meedan Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Meedan Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Meedan Inc is above average for NTEE category U41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Meedan Inc located?
Meedan Inc is headquartered in San Francisco, California and files with the IRS under EIN 204504068. It is classified under NTEE code U41.
How many years of IRS 990 filings does Meedan Inc have?
Meedan Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.7M in total revenue.
Is Meedan Inc. a good charity?
Based on the available IRS 990 data, Meedan Inc. appears to be a financially healthy and efficient charity. It consistently generates more revenue than expenses, has growing assets, and notably reports 0% officer compensation, suggesting a strong commitment to its mission. However, the lack of reported officer compensation for an organization of its scale warrants further inquiry into how executive leadership is compensated, if at all, to fully assess its operational transparency.
How has Meedan Inc.'s financial health changed over time?
Meedan Inc. has experienced significant financial growth and improved health over the past decade. Revenue has surged from $175,530 in 2015 to $7,679,114 in 2023, and assets have grown from $841,898 to $4,739,525 in the same period. This indicates robust expansion and effective financial management, particularly in recent years where revenue consistently outpaced expenses.
What is the trend in Meedan Inc.'s liabilities?
Meedan Inc.'s liabilities have generally increased in line with its growth, from $124,663 in 2015 to $681,413 in 2023. However, its assets have grown at a much faster rate, ensuring that the organization remains in a strong financial position with a healthy asset-to-liability ratio. For instance, in 2023, assets were $4,739,525 against liabilities of $681,413.
Filing History
IRS 990 filing history for Meedan Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Meedan Inc's revenue has grown by 922.2%, moving from $751K to $7.7M. Total assets increased by 1814.8% over the same period, from $248K to $4.7M. Total functional expenses rose by 860.1%, from $716K to $6.9M. In its most recent filing year (2023), Meedan Inc reported a surplus of $803K, with revenue exceeding expenses. The organization holds $681K in liabilities against $4.7M in assets (debt-to-asset ratio: 14.4%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.7M | $6.9M | $4.7M | $681K | — | — |
| 2022 | $5.8M | $5.4M | $3.7M | $486K | — | View 990 |
| 2021 | $5.4M | $3.6M | $3.2M | $317K | — | View 990 |
| 2020 | $3.7M | $3.6M | $1.5M | $460K | — | View 990 |
| 2019 | $3.0M | $2.6M | $1.5M | $513K | — | — |
| 2018 | $1.8M | $1.3M | $797K | $206K | — | View 990 |
| 2017 | $1.2M | $1.5M | $254K | $118K | — | View 990 |
| 2016 | $826K | $1.2M | $483K | $115K | — | View 990 |
| 2015 | $176K | $1.1M | $842K | $125K | — | View 990 |
| 2014 | $1.9M | $871K | $1.8M | $214K | — | View 990 |
| 2013 | $688K | $1.4M | $701K | $179K | — | View 990 |
| 2012 | $1.3M | $1.1M | $1.4M | $232K | — | View 990 |
| 2011 | $1.7M | $768K | $1.1M | $122K | — | View 990 |
| 2010 | $751K | $716K | $248K | $174K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.7M, expenses of $6.9M, and assets of $4.7M (revenue +32.9% year-over-year).
- 2022: Revenue of $5.8M, expenses of $5.4M, and assets of $3.7M (revenue +7.4% year-over-year).
- 2021: Revenue of $5.4M, expenses of $3.6M, and assets of $3.2M (revenue +47.2% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.6M, and assets of $1.5M (revenue +23.6% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.6M, and assets of $1.5M (revenue +64.9% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.3M, and assets of $797K (revenue +45.9% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.5M, and assets of $254K (revenue +48.8% year-over-year).
- 2016: Revenue of $826K, expenses of $1.2M, and assets of $483K (revenue +370.5% year-over-year).
- 2015: Revenue of $176K, expenses of $1.1M, and assets of $842K (revenue -91.0% year-over-year).
- 2014: Revenue of $1.9M, expenses of $871K, and assets of $1.8M (revenue +182.0% year-over-year).
- 2013: Revenue of $688K, expenses of $1.4M, and assets of $701K (revenue -47.9% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.1M, and assets of $1.4M (revenue -22.0% year-over-year).
- 2011: Revenue of $1.7M, expenses of $768K, and assets of $1.1M (revenue +125.4% year-over-year).
- 2010: Revenue of $751K, expenses of $716K, and assets of $248K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meedan Inc:
Data Sources and Methodology
This transparency report for Meedan Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.