Meigs County Elderly Housing Corporation

Analysis

Meigs County Elderly Housing Corporation is a registered charity in United States, based in Marietta, OH. It received its IRS tax-exemption ruling in January 1983, 43 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 County Elderly Housing Corporation reported income of $499k and spending of $461k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $485k to $499k (+3.0%), an average of +0.7% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meigs County Elderly Housing Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Mont Alto Volunteer Fire Company Fund Drive ($499k), Habitat for Humanity International Inc ($499k) and California Association of Long Term Care Medicine ($499k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $434k against liabilities of $1.4m, net assets of -$965k.