Kimberly Meadows Corporation

Analysis

Kimberly Meadows Corporation is a registered charity in United States, based in Marietta, OH. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kimberly Meadows Corporation reported income of $376k and spending of $419k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $332k to $376k (+13%), an average of +3.2% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kimberly Meadows Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include The Salvation Army Puyallup Residences ($376k), South Oakland Citizens for the Homeless ($376k) and St Johns Mannor ($376k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $116k. At year end it held assets of $800k against liabilities of $1.8m, net assets of -$1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.