Meeting Place One Inc

Analysis

Meeting Place One Inc is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Meeting Place One Inc reported income of $217k and spending of $217k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $242k to $217k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meeting Place One Inc 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 56th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Lewis Educational Agricultural Farm ($217k), Be a Friend Project Inc ($217k) and Funding New Beginnings Community Foundation ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 4.8% of the total. Other salaries and wages came to $128k. At year end it held assets of $294k against liabilities of $0, net assets of $294k. It reported 8 employees.