Plush Meadow Senior Housing Corporation

Analysis

Plush Meadow Senior Housing Corporation is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in September 1999, 27 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, Plush Meadow Senior Housing Corporation reported income of $265k and spending of $411k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $265k (+5.5%), an average of +1.4% a year. Over the whole period it spent 137% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Plush Meadow Senior Housing Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 64th percentile within SC. Charities of a similar size with the same main cause include Hope Ventures Inc ($265k), Mayville Open Door Inc ($265k) and Samanthas House Foundation Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $86k. At year end it held assets of $1.1m against liabilities of $3.3m, net assets of -$2.2m.

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.