Meadowood Glen II Limited

Analysis

Meadowood Glen II Limited is a registered charity in United States, based in Coeur D Alene, ID. It received its IRS tax-exemption ruling in May 1995, 31 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, Meadowood Glen II Limited reported income of $132k and spending of $173k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $132k (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Meadowood Glen II Limited sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within ID. Charities of a similar size with the same main cause include East Bay Realty Corporation II ($132k), Tyro School Apartments Inc ($132k) and Ramona Estates Inc ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $19k. At year end it held assets of $437k against liabilities of $35k, net assets of $402k.

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.