Mead Memorial Chapel
Mead Memorial Chapel maintains strong assets and low expenses with no officer compensation.
EIN: 136122567 · Aiken, SC · NTEE: X20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $214K |
| Total Expenses | $86K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2.7 |
| Net Assets | $2.5M |
| Transparency Score | 90/100 |
Is Mead Memorial Chapel Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mead Memorial Chapel directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mead Memorial Chapel
Mead Memorial Chapel (EIN: 136122567) is a nonprofit organization based in Aiken, SC, classified under NTEE code X20Z. The organization reported total revenue of $214K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mead Memorial Chapel's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mead Memorial Chapel is a small nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $86K |
| Surplus / Deficit | $-34,093 |
| Total Assets | $2.5M |
| Net Assets | $2.5M |
| Operating Margin | -66.3% |
| Months of Reserves | 349.6 months |
Financial Health Grade: B
In 2023, Mead Memorial Chapel reported a deficit of $34K with expenses exceeding revenue, holds 349.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Mead Memorial Chapel's revenue has declined at a compound annual growth rate (CAGR) of -9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.2% | +31.8% | -5.9% |
| 2022 | +261.9% | -12.0% | -3.9% |
| 2021 | -28.8% | +30.7% | +17.4% |
| 2020 | -55.5% | +17.9% | +5.6% |
| 2019 | +226.6% | — | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mead Memorial Chapel with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mead Memorial Chapel allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is likely volunteer-led or compensates its leadership through non-salary means, which is highly efficient for an organization of its size with $2.7 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Mead Memorial Chapel:
- Strong asset base of $2,706,459 relative to annual expenses, indicating financial stability.
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds and volunteer leadership.
- Zero reported liabilities across all filings, demonstrating excellent financial management and low debt risk.
- Generally low annual expenses (e.g., $85,539 in 2023) compared to revenue and assets, indicating lean operations.
- Long and consistent IRS 990 filing history (13 filings), contributing to transparency.
Frequently Asked Questions about Mead Memorial Chapel
Is Mead Memorial Chapel a legitimate charity?
Based on AI analysis of IRS 990 filings, Mead Memorial Chapel (EIN: 136122567) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Mead Memorial Chapel spend its money?
Mead Memorial Chapel directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mead Memorial Chapel tax-deductible?
Mead Memorial Chapel is registered as a tax-exempt nonprofit (EIN: 136122567). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mead Memorial Chapel CEO make?
Mead Memorial Chapel's highest-compensated officer earns $2.7 annually. The organization reported $214K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mead Memorial Chapel's spending goes to programs?
Mead Memorial Chapel directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mead Memorial Chapel compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mead Memorial Chapel is above average for NTEE category X20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mead Memorial Chapel located?
Mead Memorial Chapel is headquartered in Aiken, South Carolina and files with the IRS under EIN 136122567. It is classified under NTEE code X20Z.
How many years of IRS 990 filings does Mead Memorial Chapel have?
Mead Memorial Chapel has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $214K in total revenue.
How does Mead Memorial Chapel utilize its substantial assets?
With assets of $2,706,459 and relatively low annual expenses, a significant portion of the organization's financial strength appears to be in its endowment or investments, which likely generate income to support its mission.
What specific programs or services does Mead Memorial Chapel provide?
The NTEE code X20Z indicates 'Religious Activities, Nec,' but without more detailed expense breakdowns, the specific nature of its programs or services funded by its expenses (e.g., $85,539 in 2023) is not clear from the provided data.
Why did expenses exceed revenue in 2023 ($85,539 vs $51,446)?
In 2023, expenses did exceed revenue, which is not uncommon for organizations drawing from endowments or experiencing fluctuations in donations. Given the substantial assets, this single year's deficit is unlikely to impact long-term financial stability.
Filing History
IRS 990 filing history for Mead Memorial Chapel showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mead Memorial Chapel's revenue has declined by 69.7%, moving from $170K to $51K. Total assets increased by 89.5% over the same period, from $1.3M to $2.5M. Total functional expenses rose by 70.3%, from $50K to $86K. In its most recent filing year (2023), Mead Memorial Chapel reported a deficit of $34K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $86K | $2.5M | $0 | — | — |
| 2022 | $437K | $65K | $2.6M | $0 | — | — |
| 2021 | $121K | $74K | $2.8M | $0 | — | View 990 |
| 2020 | $170K | $56K | $2.3M | $0 | — | View 990 |
| 2019 | $381K | $48K | $2.2M | $0 | — | View 990 |
| 2018 | $117K | $-51,336 | $1.9M | $0 | — | View 990 |
| 2017 | $70K | $187K | $2.0M | $0 | — | View 990 |
| 2016 | $146K | $77K | $1.9M | $0 | — | View 990 |
| 2015 | $-24,905 | $73K | $1.7M | $0 | — | View 990 |
| 2014 | $236K | $61K | $1.8M | $0 | — | View 990 |
| 2013 | $310K | $31K | $1.7M | $0 | — | View 990 |
| 2012 | $120K | $40K | $1.4M | $0 | — | View 990 |
| 2011 | $170K | $50K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $86K, and assets of $2.5M (revenue -88.2% year-over-year).
- 2022: Revenue of $437K, expenses of $65K, and assets of $2.6M (revenue +261.9% year-over-year).
- 2021: Revenue of $121K, expenses of $74K, and assets of $2.8M (revenue -28.8% year-over-year).
- 2020: Revenue of $170K, expenses of $56K, and assets of $2.3M (revenue -55.5% year-over-year).
- 2019: Revenue of $381K, expenses of $48K, and assets of $2.2M (revenue +226.6% year-over-year).
- 2018: Revenue of $117K, expenses of $-51,336, and assets of $1.9M (revenue +66.2% year-over-year).
- 2017: Revenue of $70K, expenses of $187K, and assets of $2.0M (revenue -52.0% year-over-year).
- 2016: Revenue of $146K, expenses of $77K, and assets of $1.9M.
- 2015: Revenue of $-24,905, expenses of $73K, and assets of $1.7M (revenue -110.5% year-over-year).
- 2014: Revenue of $236K, expenses of $61K, and assets of $1.8M (revenue -23.7% year-over-year).
- 2013: Revenue of $310K, expenses of $31K, and assets of $1.7M (revenue +158.0% year-over-year).
- 2012: Revenue of $120K, expenses of $40K, and assets of $1.4M (revenue -29.3% year-over-year).
- 2011: Revenue of $170K, expenses of $50K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mead Memorial Chapel:
Data Sources and Methodology
This transparency report for Mead Memorial Chapel is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.