Meadow Lakes Seniors Inc

Analysis

Meadow Lakes Seniors Inc is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in December 2008, 18 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 December 2023, Meadow Lakes Seniors Inc reported income of $125k and spending of $161k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $125k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 158% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Meadow Lakes Seniors Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 38th percentile within AK. Charities of a similar size with the same main cause include Haven Place ($125k), Vollintine Evergreen Community Association ($125k) and Brandt House Inc ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. At year end it held assets of $1.3m against liabilities of $318k, net assets of $953k.

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.