Silver Meadow Inc

Analysis

Silver Meadow Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in October 1996, 30 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 June 2024, Silver Meadow Inc reported income of $237k and spending of $334k, spending 141% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $202k to $237k (+17%), an average of +4.1% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Silver Meadow Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Maxcen Housing Society ($237k), B L Trevathan Hatler E Morgan Elderly Housing Inc ($237k) and Red Lion Inn Inc ($236k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $51k. At year end it held assets of $1.3m against liabilities of $815k, net assets of $458k.

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.