Meridian Manor Inc

Analysis

Meridian Manor Inc is a registered charity in United States, based in Yazoo City, MS. It received its IRS tax-exemption ruling in December 1991, 35 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 (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, Meridian Manor Inc reported income of $164k and spending of $226k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $164k (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 167% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Meridian Manor Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within MS. Charities of a similar size with the same main cause include Cliff View Village III Inc ($164k), Skyline Apartments Inc ($164k) and Decatur Street Residences Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 57% of the total. Other salaries and wages came to $22k. At year end it held assets of $459k against liabilities of $17k, net assets of $442k. It reported 5 employees.

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.