Mead School for Human Development Inc

Analysis

Mead School for Human Development Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in November 1971, 55 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mead School for Human Development Inc reported income of $5.3m and spending of $5.5m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.8m to $5.3m (+10%), an average of +3.4% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mead School for Human Development Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Saint Thomas Health Foundations ($5.3m), Habitat for Humanity International Inc ($5.3m) and Orme School ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $3.9m against liabilities of $3.6m, net assets of $216k. It reported 79 employees.

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.