Toivola-Meadowlands Development Board Inc

Analysis

Toivola-Meadowlands Development Board Inc is a registered charity in United States, based in Meadowlands, MN. It received its IRS tax-exemption ruling in June 1993, 33 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 (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, Toivola-Meadowlands Development Board Inc reported income of $91k and spending of $95k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $91k (+6.5%), an average of +6.5% a year. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Toivola-Meadowlands Development Board Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include 202 West 108 Street Housing Development Fund Company Inc ($90k), Camelot Casitas ($91k) and Inshuti of Rwanda Incorporated ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $287k against liabilities of $254k, net assets of $33k.