Megs House

Analysis

Megs House is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in April 1990, 36 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, Megs House reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+7.6%), an average of +1.8% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Megs House sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Seventh Avenue Center for Family Services ($1.4m), River City Community Development Center ($1.4m) and Life Line Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $90k (7.2% of expenses). Other salaries and wages came to $331k. At year end it held assets of $521k against liabilities of $0, net assets of $521k. It reported 18 employees.