Meadows in Irvine

Analysis

Meadows in Irvine is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Meadows in Irvine reported income of $4.0m and spending of $5.7m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $4.0m (+11%), an average of +2.7% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Meadows in Irvine sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Eatontown Senior Housing Corporatio ($4.0m), Habitat for Humanity International Inc ($4.0m) and Carmel Hills Retirement Comm ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $229k. At year end it held assets of $30.8m against liabilities of $19.9m, net assets of $10.9m.