Meeting Street Schools
Meeting Street Schools maintains substantial assets and reports no officer compensation across all available filings, with fluctuating but generally positive financial performance.
EIN: 204587841 · Charleston, SC · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $47.0M |
| Total Expenses | $41.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $300 |
| Net Assets | $293.0M |
| Transparency Score | 85/100 |
Is Meeting Street Schools Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Meeting Street Schools directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meeting Street Schools
Meeting Street Schools (EIN: 204587841) is a nonprofit organization based in Charleston, SC, classified under NTEE code B82. The organization reported total revenue of $47.0M and total assets of $307.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meeting Street Schools's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meeting Street Schools is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41.2M |
| Total Expenses | $41.0M |
| Surplus / Deficit | +$221K |
| Total Assets | $295.9M |
| Total Liabilities | $2.9M |
| Net Assets | $293.0M |
| Operating Margin | 0.5% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 86.7 months |
Financial Health Grade: A
In 2023, Meeting Street Schools reported a surplus of $221K with revenue exceeding expenses, holds 86.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Meeting Street Schools's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -86.0% | +15.0% | +2.6% |
| 2022 | +846.0% | +9.9% | +820.8% |
| 2021 | +2.1% | +11.5% | -4.4% |
| 2020 | +8.1% | +16.9% | +6.1% |
| 2019 | +147.0% | +21.6% | +14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Meeting Street Schools with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Meeting Street Schools allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $221K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Meeting Street Schools consistently reports 0% officer compensation across all 13 available IRS 990 filings, which is highly unusual for an organization with assets exceeding $300 million and annual revenues in the tens of millions. This suggests either a unique compensation structure where statutory officers are unpaid, or compensation is reported under different categories, warranting further scrutiny 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 Meeting Street Schools's IRS 990 filings:
- Consistent 0% officer compensation for a large organization, which may obscure actual executive remuneration if reported elsewhere.
- Significant, unexplained revenue volatility, particularly the $293 million spike in 2022, which could indicate reliance on non-recurring income or unusual financial events.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, hindering a precise assessment of spending efficiency.
Strengths
The following positive indicators were identified for Meeting Street Schools:
- Substantial and growing asset base ($307,700,065 latest), providing financial stability and capacity.
- Consistent history of IRS 990 filings (13 filings), indicating a commitment to transparency.
- Generally positive net income in most recent years (e.g., $221,124 in 2023), demonstrating sustainable operations.
- Low liabilities relative to assets (e.g., $2,884,652 liabilities vs. $295,929,641 assets in 2023), indicating strong financial health.
Frequently Asked Questions about Meeting Street Schools
Is Meeting Street Schools a legitimate charity?
Based on AI analysis of IRS 990 filings, Meeting Street Schools (EIN: 204587841) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Meeting Street Schools spend its money?
Meeting Street Schools directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Meeting Street Schools tax-deductible?
Meeting Street Schools is registered as a tax-exempt nonprofit (EIN: 204587841). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Meeting Street Schools CEO make?
Meeting Street Schools's highest-compensated officer earns $300 annually. The organization reported $47.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Meeting Street Schools's spending goes to programs?
Meeting Street Schools directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Meeting Street Schools compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Meeting Street Schools is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Meeting Street Schools located?
Meeting Street Schools is headquartered in Charleston, South Carolina and files with the IRS under EIN 204587841. It is classified under NTEE code B82.
How many years of IRS 990 filings does Meeting Street Schools have?
Meeting Street Schools has 13 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 $47.0M in total revenue.
How does Meeting Street Schools manage to report 0% officer compensation despite its significant size and revenue?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this scale. It suggests that either the statutory officers are truly unpaid volunteers, or their compensation is categorized differently within the 990 (e.g., as salaries for key employees rather than officers), or they are compensated by a related entity. Further investigation into the organization's governance and compensation practices would be needed to understand this fully.
What caused the massive revenue spike in 2022 to $293,526,271, and why did it drop significantly in 2023?
The revenue spike in 2022 is a significant outlier compared to other years, where revenue typically ranges from $30-40 million. This could be due to a large one-time grant, a major capital campaign, a significant asset sale, or an investment gain. The subsequent drop to $41,196,053 in 2023 suggests it was not a recurring income stream. Understanding the source of this revenue is crucial for assessing the organization's long-term financial stability and funding model.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not include a detailed functional expense breakdown. While overall expenses are available, knowing the specific percentages allocated to programs, administration, and fundraising is essential for a comprehensive assessment of spending efficiency and how much of each dollar directly supports the mission.
Filing History
IRS 990 filing history for Meeting Street Schools showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Meeting Street Schools's revenue has grown by 163.7%, moving from $15.6M to $41.2M. Total assets increased by 1459.2% over the same period, from $19.0M to $295.9M. Total functional expenses rose by 1912.8%, from $2.0M to $41.0M. In its most recent filing year (2023), Meeting Street Schools reported a surplus of $221K, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $295.9M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $293.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41.2M | $41.0M | $295.9M | $2.9M | — | View 990 |
| 2022 | $293.5M | $35.6M | $288.5M | $1.8M | — | View 990 |
| 2021 | $31.0M | $32.4M | $31.3M | $2.3M | — | View 990 |
| 2020 | $30.4M | $29.1M | $32.8M | $2.4M | — | View 990 |
| 2019 | $28.1M | $24.9M | $30.9M | $1.8M | — | View 990 |
| 2018 | $11.4M | $20.5M | $27.0M | $1.1M | — | View 990 |
| 2017 | $8.4M | $16.3M | $35.6M | $757K | — | View 990 |
| 2016 | $6.5M | $11.2M | $44.1M | $1.4M | — | View 990 |
| 2015 | $25.3M | $7.5M | $48.0M | $537K | — | View 990 |
| 2014 | $3.2M | $1.9M | $29.8M | $555K | — | View 990 |
| 2013 | $6.4M | $3.3M | $28.0M | $81K | — | View 990 |
| 2012 | $8.7M | $2.9M | $24.8M | $636 | — | View 990 |
| 2011 | $15.6M | $2.0M | $19.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41.2M, expenses of $41.0M, and assets of $295.9M (revenue -86.0% year-over-year).
- 2022: Revenue of $293.5M, expenses of $35.6M, and assets of $288.5M (revenue +846.0% year-over-year).
- 2021: Revenue of $31.0M, expenses of $32.4M, and assets of $31.3M (revenue +2.1% year-over-year).
- 2020: Revenue of $30.4M, expenses of $29.1M, and assets of $32.8M (revenue +8.1% year-over-year).
- 2019: Revenue of $28.1M, expenses of $24.9M, and assets of $30.9M (revenue +147.0% year-over-year).
- 2018: Revenue of $11.4M, expenses of $20.5M, and assets of $27.0M (revenue +34.8% year-over-year).
- 2017: Revenue of $8.4M, expenses of $16.3M, and assets of $35.6M (revenue +30.3% year-over-year).
- 2016: Revenue of $6.5M, expenses of $11.2M, and assets of $44.1M (revenue -74.4% year-over-year).
- 2015: Revenue of $25.3M, expenses of $7.5M, and assets of $48.0M (revenue +696.4% year-over-year).
- 2014: Revenue of $3.2M, expenses of $1.9M, and assets of $29.8M (revenue -50.2% year-over-year).
- 2013: Revenue of $6.4M, expenses of $3.3M, and assets of $28.0M (revenue -26.9% year-over-year).
- 2012: Revenue of $8.7M, expenses of $2.9M, and assets of $24.8M (revenue -44.0% year-over-year).
- 2011: Revenue of $15.6M, expenses of $2.0M, and assets of $19.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meeting Street Schools:
Data Sources and Methodology
This transparency report for Meeting Street Schools 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.