Meigs Industries

Analysis

Meigs Industries is a registered charity in United States, based in Pomeroy, OH. It received its IRS tax-exemption ruling in May 1982, 44 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, Meigs Industries reported income of $633k and spending of $789k, spending 125% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $697k to $633k (-9.1%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meigs Industries sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Sundial Elderly Housing Inc ($633k), Avenida Espana HDC Inc ($633k) and Servicemember Agricultural Vocation Education Corp ($633k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $79k (10.0% of expenses). Other salaries and wages came to $448k. At year end it held assets of $187k against liabilities of $146k, net assets of $41k. It reported 48 employees.