Meadow Brook Apartments

Analysis

Meadow Brook Apartments is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in August 2001, 25 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 June 2024, Meadow Brook Apartments reported income of $174k and spending of $191k, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $180k to $174k (-3.3%), an average of -0.7% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Meadow Brook Apartments sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Housing Alliance of Texas ($174k), Harc III Housing Inc ($174k) and Solid Rock Carpenters ($174k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $43k. At year end it held assets of $821k against liabilities of $15k, net assets of $806k.

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.