Meigs Youth Center

Analysis

Meigs Youth Center is a registered charity in United States, based in Decatur, TN. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Meigs Youth Center reported income of $52k and spending of $97k, spending 186% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $61k to $52k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Meigs Youth Center sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within TN. Charities of a similar size with the same main cause include Steel Valley Enterprise Zone Corp ($52k), Dover Main Street Inc ($52k) and Derby Community Association Incorporated ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $722k against liabilities of $435k, net assets of $287k.