Meadville Area Recreation Foundation

Analysis

Meadville Area Recreation Foundation is a registered charity in United States, based in Meadville, PA. It received its IRS tax-exemption ruling in August 1984, 42 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, Meadville Area Recreation Foundation reported income of $53k and spending of $87k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $333k to $53k (-84%), an average of -37% a year. The sharpest change came in the year to December 2021, when income rose by 418%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meadville Area Recreation Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within PA. Charities of a similar size with the same main cause include River City Chorale ($53k), Bedford Foundation ($53k) and PTA Colorado Congress ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.

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.