Marysville Quilceda Meadows

Analysis

Marysville Quilceda Meadows is a registered charity in United States, based in Marysville, WA. It received its IRS tax-exemption ruling in December 1999, 27 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 June 2023, Marysville Quilceda Meadows reported income of $199k and spending of $225k, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $199k to $199k (+0.2%), an average of +0.1% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marysville Quilceda Meadows sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Tenafly Senior Citizens Housing ($199k), Tuscarawas Affordable Housing Services Corporation ($199k) and Strudwick & Strode Adult Foster Care Inc ($199k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $35k. At year end it held assets of $1.2m against liabilities of $1.6m, net assets of -$360k.

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.