Thomaston Meadows Inc

Analysis

Thomaston Meadows Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 2005, 21 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 2023, Thomaston Meadows Inc reported income of $111k and spending of $131k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $111k (+2.5%), an average of +0.6% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thomaston Meadows Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within OH. Charities of a similar size with the same main cause include Twin Rivers Community Corporation ($111k), West Orange Senior Citizens Housing Assn ($111k) and Restart Housing Services ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $1.1m against liabilities of $1.2m, net assets of -$149k. It reported 3 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.