Mead Park Association

Analysis

Mead Park Association is a registered charity in United States, based in Corry, PA. It received its IRS tax-exemption ruling in April 1965, 61 years ago. 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, Mead Park Association reported income of $58k and spending of $124k, spending 214% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $58k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 200% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mead Park Association sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within PA. Charities of a similar size with the same main cause include Mankato Endowment Association Inc ($58k), Walnut Creek Rotary Club Community Foundation ($58k) and Itisfinished Faith Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 14% of the total. At year end it held assets of $898k against liabilities of $0, net assets of $898k.

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.