Mei Lun Yue Inc

Analysis

Mei Lun Yue Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1978, 48 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, Mei Lun Yue Inc reported income of $9.9m and spending of $2.5m, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $9.9m (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 30% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mei Lun Yue Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Church Home Rehabilitation and Healthcare LLC ($9.9m), Westminster Senior Services Inc ($9.9m) and Senior Living Foundation Inc Perimeter 400 Center ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. Other salaries and wages came to $684k. At year end it held assets of $32.5m against liabilities of $358k, net assets of $32.1m.