Rolling Meadows Homes Cooperative

Analysis

Rolling Meadows Homes Cooperative is a registered charity in United States, based in Madison, WI. 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, Rolling Meadows Homes Cooperative reported income of $554k and spending of $1.3m, spending 230% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $284k to $554k (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 244% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rolling Meadows Homes Cooperative sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within WI. Charities of a similar size with the same main cause include Housing for Rockdale Elders Inc ($554k), Alternative Living Concepts Inc ($555k) and Oak View Housing Inc ($554k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $9.7m against liabilities of $11.8m, net assets of -$2.0m.

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.