Meadows Housing Corporation

Analysis

Meadows Housing Corporation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in July 1990, 36 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, Meadows Housing Corporation reported income of $363k and spending of $261k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $363k (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Meadows Housing Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Grand Ravine Senior Housing Inc ($363k), Upper South Street Housing Development Fund Company Inc ($363k) and Beds 4 Kids ($363k).

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 $1.5m against liabilities of $1.5m, net assets of $6,413.