Meridian Place Development Corporation

Analysis

Meridian Place Development Corporation is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Meridian Place Development Corporation reported income of $159k and spending of $170k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $159k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meridian Place Development Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Girls on the Run of Birmingham ($159k), I 58 KC Ministries ($159k) and Harkness Outreach Center NSP ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $14k. At year end it held assets of $691k against liabilities of $1.3m, net assets of -$560k.

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.