Meda Foundation Inc

Analysis

Meda Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Meda Foundation Inc reported income of $328k and spending of $303k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $275k to $328k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Meda Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Vaya Verde ($328k), 2 Fish Home Renovations ($328k) and Logan County Tourism Bureau ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 95% of the total. At year end it held assets of $309k against liabilities of $54k, net assets of $254k.