Meadow Road Housing Corp

Analysis

Meadow Road Housing Corp is a registered charity in United States, based in Keene, NH. It received its IRS tax-exemption ruling in April 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Meadow Road Housing Corp reported income of $278k and spending of $372k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $278k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Meadow Road Housing Corp 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 63rd percentile within NH. Charities of a similar size with the same main cause include North Carolina Housing Foundation Inc ($278k), Stevens Senior Housing of Ludlow Inc ($278k) and Quadraplex Housing Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. At year end it held assets of $2.2m against liabilities of $4.0m, net assets of -$1.8m.

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.