Medina Creative Living 2

Analysis

Medina Creative Living 2 is a registered charity in United States, based in Medina, OH. It received its IRS tax-exemption ruling in May 2008, 18 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, Medina Creative Living 2 reported income of $79k and spending of $129k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $111k to $79k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Medina Creative Living 2 sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within OH. Charities of a similar size with the same main cause include Lifetime Community Service Inc ($79k), Advance Housing 2000 Inc ($79k) and Hartville Innovative Housing Solutions Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $36k. At year end it held assets of $717k against liabilities of $961k, net assets of -$244k.

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.