George J & Hilda Meyer Foundation Inc

Analysis

George J & Hilda Meyer Foundation Inc is a registered charity in United States, based in Higginsville, MO. It received its IRS tax-exemption ruling in May 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, George J & Hilda Meyer Foundation Inc reported income of $9.8m and spending of $8.5m, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.4m to $9.8m (+31%), an average of +7.0% a year. The sharpest change came in the year to August 2023, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, George J & Hilda Meyer Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within MO. Charities of a similar size with the same main cause include Kids Crossing Inc ($9.8m), Family Violence Prevention Services Inc ($9.8m) and Specialized Community Care ($9.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $257k (3.0% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $10.1m against liabilities of $9.2m, net assets of $967k. It reported 221 employees.