Meadow Park Senior Housing Association

Analysis

Meadow Park Senior Housing Association is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in January 1998, 28 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 December 2023, Meadow Park Senior Housing Association reported income of $588k and spending of $448k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $588k (+125%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Meadow Park Senior Housing Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include TG 302 Inc ($588k), Seagoville Senior Citizens Home Inc ($588k) and Ebc Housing Corporation ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $68k. At year end it held assets of $2.1m against liabilities of $32k, net assets of $2.0m.