Meggs Foundation II Inc

Analysis

Meggs Foundation II Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Meggs Foundation II Inc reported income of $98k and spending of $106k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $109k to $98k (-10%), an average of -10% a year. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Meggs Foundation II Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Kings Crusade ($98k), Maryland Society for the Rheumatic Diseases Inc ($98k) and Center for Human Understanding and Growth ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.