Rancho Meridian Mobilehome Park Corporation

Analysis

Rancho Meridian Mobilehome Park Corporation is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in December 1996, 30 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 June 2024, Rancho Meridian Mobilehome Park Corporation reported income of $1.2m and spending of $1.6m, spending 132% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.2m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rancho Meridian Mobilehome Park Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Midland Area Homes Inc ($1.2m), Lutheran Ministries of Mercy Inc ($1.2m) and Habitat for Missionariesincorporated ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $5,425. At year end it held assets of $4.1m against liabilities of $7.2m, net assets of -$3.2m.

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.