Is Meadowhill Fund Inc Legit?

Meadowhill Fund Inc. appears to be a small, private foundation based on its consistent low revenue and expense figures, and the absence of officer compensation. The organization's financial health shows a concerning trend of expenses frequently exceeding revenue, as seen in 2023 where expenses were $84,979 against revenue of $43,713, and in 2022 with $36,969 in expenses versus $15,458 in revenue. This consistent deficit spending has led to a significant decline in assets over the past decade, from $670,942 in 2011 to $307,795 in 2023. While the lack of officer compensation indicates good stewardship in that area, the overall financial sustainability is questionable given the persistent operating losses. Without detailed expense breakdowns (program, administrative, fundraising), it's difficult to assess spending efficiency accurately. However, the declining asset base suggests that the organization is drawing down its principal to cover operations, which is not sustainable long-term. The organization's transparency is moderate, as it files its 990s, but the lack of detailed NTEE code or program descriptions makes it hard to fully understand its mission and impact.