Meet the Need Development Corporation

Analysis

Meet the Need Development Corporation is a registered charity in United States, based in Excelsior SPG, MO. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Meet the Need Development Corporation reported income of $436k and spending of $353k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $479k to $436k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meet the Need Development Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within MO. Charities of a similar size with the same main cause include Partnership 4 Hope Inc ($436k), Life Expanding Adventure Program ($436k) and Projeto Mantena Ajuda Corp ($436k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $771k against liabilities of $2,717, net assets of $768k. It reported 28 employees.