Meadows Real Estate Management and Development Corporation

Analysis

Meadows Real Estate Management and Development Corporation is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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, Meadows Real Estate Management and Development Corporation reported income of $717k and spending of $738k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $595k to $717k (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meadows Real Estate Management and Development Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Bong P-38 Fund Incorporated ($717k), Beverly Historical Society Inc ($717k) and Museum of Early Trades and Crafts ($717k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $141k. At year end it held assets of $3.4m against liabilities of $4.1m, net assets of -$681k.