Hale Meekins Residence Inc

Analysis

Hale Meekins Residence Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hale Meekins Residence Inc reported income of $145k and spending of $185k, spending 128% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $146k to $145k (-0.9%), an average of -0.3% a year. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hale Meekins Residence Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Hampton Roads Help to Others ($145k), Midwest Wisconsin Corporate Guardianship Inc ($145k) and Mulvane Care & Share Center Inc ($145k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $638k against liabilities of $1.3m, net assets of -$623k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.