Meadowlark Retirement Village

Analysis

Meadowlark Retirement Village is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Meadowlark Retirement Village reported income of $2.9m and spending of $3.4m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.9m (+19%), an average of +4.3% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meadowlark Retirement Village sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Life Enrichment Center of Cleveland County Inc ($2.9m), Food Bank of the State College Area Inc ($2.9m) and Northeast Organic Farming Association of New York Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $6.2m against liabilities of $4.7m, net assets of $1.5m. It reported 74 employees.

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.