Meadowbrook Foundation Inc

Analysis

Meadowbrook Foundation Inc is a registered charity in United States, based in Chevy Chase, MD. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Meadowbrook Foundation Inc reported income of $2.1m and spending of $2.5m, spending 121% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.3m to $2.1m (-12%), an average of -3.1% a year. The sharpest change came in the year to September 2020, when income rose by 32%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Meadowbrook Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Southern Intercollegiate Athletic Conference Inc ($2.1m), Oakland Parks and Recreation Foundation ($2.1m) and Dallas Stars Elite Hockey Club ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $75k (3.0% of expenses). Other salaries and wages came to $687k. At year end it held assets of $3.1m against liabilities of $977k, net assets of $2.1m. It reported 75 employees.