Meadowood Corporation

Analysis

Meadowood Corporation is a registered charity in United States, based in Worcester, PA. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Meadowood Corporation reported income of $45.5m and spending of $49.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $32.3m to $45.5m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meadowood Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Asian Counseling and Referral Service ($45.5m), Dare to Care Inc ($45.6m) and Young Mens Christian Association of Greater Grand Rapids ($45.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $728k (1.5% of expenses). Other salaries and wages came to $15.4m. At year end it held assets of $161.5m against liabilities of $177.6m, net assets of -$16.1m. It reported 548 employees.