Merit America
93% goes to programs $3 to raise $100 Strong reserves Growing revenue
Merit America is a 501(c)(3) organization based in Washington, District of Columbia, registered in 2019, with $61,425,877 in FY2024 revenue. CharityIndex grades it A+, and it directs about 93% of spending to programs.
712 H Street Ne Suite 1560, Washington, DC, 20002 EIN 84-2108762 Since 2019
Revenue (FY2024)
$61.4M
▲ 42.1% vs prior year
Human Services median: $293K
Expenses (FY2024)
$51.0M
Net assets
$31.2M
Employees
248
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating93% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Merit America: 93% to programs · $3 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Merit America: 7 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Merit America: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Merit America: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide a path to skilled careers for the millions of americans without college degrees.
Contact & location
- Address
- 712 H Street Ne Suite 1560, Washington, DC, 20002
- City
- Washington
- State
- District of Columbia
- Category
- Human Services
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $2.7M (FY2019) to $61.4M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $11.9MNet assets $31.2M
Operating margin
17.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$43.1M
Total liabilities
$11.9M
Net assets
$31.2M
Salaries & benefits
$30.2M
59% of expenses
Board members
8
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,425,877▲42.1% | $50,954,245▲40.7% | $31,186,413▲50.3% | $43,053,154▲41.4% | 990 |
| 2023 | $43,214,562▲52.1% | $36,218,842▲60.8% | $20,743,129▲50.9% | $30,452,510▲27.2% | 990 |
| 2022 | $28,420,779▲148% | $22,530,704▲150% | $13,747,409▲75.0% | $23,949,600▲42.7% | 990 |
| 2021 | $11,449,992▲85.1% | $9,009,101▲161% | $7,857,334▲45.1% | $16,787,375▲65.8% | 990 |
| 2020 | $6,184,968▲129% | $3,457,983▲20398% | $5,416,443▲101% | $10,125,832▲260% | 990 |
| 2019 | $2,706,328 | $16,870 | $2,689,458 | $2,811,249 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Connor Diemand-yauman — $532,311 (1.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Connor Diemand-yauman | Co-founder and Co-ceo | 40 | $532,311 |
| Rebecca Taber Staehelin | Co-founder and Co-ceo | 40 | $512,754 |
| Anne Keenan | Chief Marketing Officer | 40 | $291,863 |
| Ryan Ouellette | Chief Program Officer | 40 | $273,994 |
| Jennifer Mazzon | Chief Product Officer | 40 | $252,221 |
| Meghan Cressman | Vice President, Development | 40 | $250,045 |
| Leila Makarechi Chief | Bus. Officer/chief Policy Officer | 40 | $246,793 |
| Lal Jones-bey | Chief Financial Officer (thru 8/24) | 40 | $239,408 |
| Ahmmad Brown | Director | 1 | — |
| Byron Auguste | Director | 1 | — |
| Naomi Bagdonas | Director | 1 | — |
| Norman Atkins | Director/ Board Chair | 1 | — |
| Rebecca Levin | Director | 1 | — |
| Yin Lu | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Business Rule Solutions LLC | Analytics and Data Cleaning Services | $252,000 |
| Berlin Rosen LLC | Marketing, Strategy, Creative Services | $200,310 |
| Irrational Labs LLC | Strategy Consulting | $200,000 |
| David Guendelman | Finance Consulting and Reporting | $163,548 |
| H Emad Ansari Esq | Legal Services | $120,000 |
Grants received · $73.6M total
40 grants to Merit America totaling $73.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ascendium Education Solutions Inc | Grant, scaling it support and data analytics certificate programming for learners from low-income grant, accelerating workforce training pathways via merit america's opportunity fund | 2024 | $7,560,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $2,500,000 |
| Fidelity Non-profit Management Foundation | Program development/evaluation | 2024 | $1,000,000 |
| Silicon Valley Community Foundation | Human services | 2024 | $501,125 |
| Impactassets Inc | General support | 2024 | $500,000 |
| Social Finance Inc | Google ai startup grant project | 2024 | $417,600 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $150,000 |
| Blue Meridian Partners Inc | To support scaling plan | 2023 | $15,500,000 |
| Ascendium Education Solutions Inc | Scaling it support and data analytics certificate programming for learners from low-income backgrounds | 2023 | $3,000,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $1,651,000 |
| Fidelity Non-profit Management Foundation | Technology & equipment | 2023 | $600,000 |
| Silicon Valley Community Foundation | Human services | 2023 | $525,000 |
| Impactassets Inc | General support | 2023 | $500,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $470,600 |
| Donor Advised Charitable Giving | Human services | 2023 | $278,713 |
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Frequently asked questions
- Is Merit America a legitimate nonprofit?
- Yes. Merit America is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-2108762, based in Washington, District of Columbia. Donations are tax-deductible.
- What is Merit America's EIN?
- Merit America's Employer Identification Number (EIN) is 84-2108762.
- How much revenue does Merit America report?
- Merit America reported $61,425,877 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Merit America's spending goes to programs?
- Merit America spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Merit America have?
- CharityIndex grades Merit America A+, based on program efficiency and fundraising cost.
- How much does Merit America's highest-paid employee make?
- The highest reported compensation on Merit America's latest Form 990 is $532,311, paid to Connor Diemand-yauman (Co-founder and Co-ceo).
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Data for Merit America (EIN 84-2108762) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.