Wesley Murray Meadow Inc

Analysis

Wesley Murray Meadow Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Wesley Murray Meadow Inc reported income of $207k and spending of $291k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $207k (+42%), an average of +9.1% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Murray Meadow Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include Cass County Housing Corporation ($207k), The Roher Foundation ($207k) and Demarest Farms 2 Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $40k. At year end it held assets of $1.7m against liabilities of $2.6m, net assets of -$842k.

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.