Meadows Housing Corporation Inc

Analysis

Meadows Housing Corporation Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in October 1989, 37 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 Inc reported income of $208k and spending of $257k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $549k to $208k (-62%), an average of -22% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 69% 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 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 Sterling Senior Housing ($207k), Neider House ($208k) and Emerson Plaza Afforadable Housing Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $25k. At year end it held assets of $1.8m against liabilities of $573k, net assets of $1.3m.