Public Charity

MEMPHIS MERIT ACADEMY INC

MEMPHIS MERIT ACADEMY INC, of MEMPHIS, TN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $6.7M in revenue, $6.6M in expenses, $13.3M in total assets. 9 publicly reported grants to this organization, totaling roughly $1.6M, appear in IRS filings.

EIN: 822828471 MEMPHIS, TN Charter Schools NTEE: B29 Latest filing: 2025
Total Revenue$6.7M
Total Expenses$6.6M
Total Assets$13.3M
Grant Records9
Funding Total$1.6M
Filing Years2021–2025

Mission

MEMPHIS MERIT ACADEMY CHARTER SCHOOL PREPARES KINDERGARTEN THROUGH 8TH-GRADE STUDENTS IN MEMPHIS FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND LIFE BY PROVIDING RIGOROUS ACADEMICS, HIGH-QUALITY INSTRUCTION, AND CHARACTER DEVELOPMENT IN A SUPPORTIVE SCHOOL ENVIRONMENT.

Where $100 goes at Memphis Merit Academy Inc

How Memphis Merit Academy Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$62 Programs the work itself
$38 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $62 for programs

$62
Program services consist of providing educational curriculum and instruction in an effort to develop academic acumen and leadership skills necessary for students to excel in high school, thrive…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD CHAIR Aurelia Mcbride
SECRETARY Dimika Cavalier
TREASURER Joseph Mckinney
HEAD OF SCHOOL Lakenna R Booker
BOARD MEMBER Lashawn Lester
BOARD MEMBER Reid Lanigan

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,266,450 6 grants
Education
$200,000 2 grants
Research & Policy
$113,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $6.7M $6.6M $13.3M
2024 $5.6M $5.9M $13.9M
2023 $4.5M $4.4M $4.2M
2022 $3.4M $3.2M $2.6M
2021 $2.4M $2.1M $1.6M

Between 2021 and 2025, reported annual revenue grew from $2.4M to $6.7M (+177%), with total assets most recently reported at $13.3M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for MEMPHIS MERIT ACADEMY INC

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