Meadowood Residents Association Inc

Analysis

Meadowood Residents Association Inc is a registered charity in United States, based in Lansdale, PA. It received its IRS tax-exemption ruling in March 2000, 26 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 June 2024, Meadowood Residents Association Inc reported income of $381k and spending of $342k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $228k to $381k (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Meadowood Residents Association Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Arukah House ($381k), Fiesta House Senior Housing Inc ($381k) and Capital City Housing Foundation Inc ($381k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 2.1% of the total. At year end it held assets of $297k against liabilities of $90k, net assets of $207k.