Mei Wah Village Inc

Analysis

Mei Wah Village Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2022, Mei Wah Village Inc reported income of $272k and spending of $359k, spending 132% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $269k to $272k (+1.2%), an average of +0.4% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mei Wah Village Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Shawl II Senior Housing Montague ($272k), No Turning Back LLC ($272k) and Franklin Independent Senior Housing ($272k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $1.7m against liabilities of $3.2m, net assets of -$1.5m.

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.