Cedar Meadows Inc

Analysis

Cedar Meadows Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in August 1987, 39 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 September 2023, Cedar Meadows Inc reported income of $243k and spending of $398k, spending 164% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $420k to $243k (-42%), an average of -13% a year. The sharpest change came in the year to September 2023, when income dropped by 40%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cedar Meadows Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include Victory ($243k), Indian Lake Christian Service Camp ($243k) and Julius & Esther Stulberg Competition Inc ($243k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Other salaries and wages came to $77k. At year end it held assets of $802k against liabilities of $1.3m, net assets of -$491k. It reported 4 employees.