Meredith A Cowden Foundation Inc
Meredith A Cowden Foundation shows strong financial health with zero officer compensation and growing assets.
EIN: 208666402 · Akron, OH · NTEE: G30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $352K |
| Total Expenses | $182K |
| Program Spending | 90% |
| Net Assets | $366K |
| Transparency Score | 92/100 |
Is Meredith A Cowden Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Meredith A Cowden Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meredith A Cowden Foundation Inc
Meredith A Cowden Foundation Inc (EIN: 208666402) is a nonprofit organization based in Akron, OH, classified under NTEE code G30. The organization reported total revenue of $352K and total assets of $409K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meredith A Cowden Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meredith A Cowden Foundation Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $233K |
| Total Expenses | $182K |
| Surplus / Deficit | +$51K |
| Total Assets | $366K |
| Net Assets | $366K |
| Operating Margin | 21.8% |
| Months of Reserves | 24.1 months |
Financial Health Grade: A
In 2023, Meredith A Cowden Foundation Inc reported a surplus of $51K with revenue exceeding expenses, holds 24.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Meredith A Cowden Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.6% | +295.3% | +16.2% |
| 2022 | +204.9% | +19.0% | +153.6% |
| 2021 | +298.7% | +3.3% | +45.7% |
| 2020 | -66.2% | -54.4% | -17.4% |
| 2019 | -40.9% | +12.7% | -19.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Meredith A Cowden Foundation Inc with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Meredith A Cowden Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $51K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through other means not reported as officer compensation, which significantly reduces administrative overhead relative to its size.
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 Meredith A Cowden Foundation Inc:
- Zero officer compensation reported across all filings, indicating high efficiency.
- Consistent growth in assets, reaching $365,561 in 2023, demonstrating financial health.
- No reported liabilities, indicating strong financial management and stability.
- Significant increase in revenue in recent years, showing growing support.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Meredith A Cowden Foundation Inc
Is Meredith A Cowden Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Meredith A Cowden Foundation Inc (EIN: 208666402) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Meredith A Cowden Foundation Inc spend its money?
Meredith A Cowden Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Meredith A Cowden Foundation Inc tax-deductible?
Meredith A Cowden Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208666402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Meredith A Cowden Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Meredith A Cowden Foundation Inc is above average for NTEE category G30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Meredith A Cowden Foundation Inc located?
Meredith A Cowden Foundation Inc is headquartered in Akron, Ohio and files with the IRS under EIN 208666402. It is classified under NTEE code G30.
How many years of IRS 990 filings does Meredith A Cowden Foundation Inc have?
Meredith A Cowden Foundation Inc 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 $352K in total revenue.
Is Meredith A Cowden Foundation Inc a good charity?
Based on its financial data, the Meredith A Cowden Foundation Inc appears to be a very good charity. It consistently reports no officer compensation, maintains a healthy asset base with no liabilities, and demonstrates strong program spending efficiency, particularly in recent years.
How has the organization's revenue trended over time?
The organization's revenue has shown significant growth, especially in recent years. After a dip in 2020 ($19,467), revenue rebounded strongly to $236,658 in 2022 and $232,956 in 2023, indicating increasing support for its mission.
What is the organization's financial stability?
The Meredith A Cowden Foundation Inc exhibits excellent financial stability. It consistently reports $0 in liabilities and has steadily grown its assets to $365,561 in 2023, indicating a strong financial cushion and responsible management.
Filing History
IRS 990 filing history for Meredith A Cowden Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Meredith A Cowden Foundation Inc's revenue has grown by 55.5%, moving from $150K to $233K. Total assets increased by 1287.8% over the same period, from $26K to $366K. Total functional expenses rose by 10.8%, from $164K to $182K. In its most recent filing year (2023), Meredith A Cowden Foundation Inc reported a surplus of $51K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $233K | $182K | $366K | $0 | — | — |
| 2022 | $237K | $46K | $315K | $0 | — | View 990 |
| 2021 | $78K | $39K | $124K | $0 | — | View 990 |
| 2020 | $19K | $37K | $85K | $0 | — | — |
| 2019 | $58K | $82K | $103K | $0 | — | View 990 |
| 2018 | $97K | $73K | $128K | $0 | — | View 990 |
| 2017 | $121K | $141K | $103K | $0 | — | View 990 |
| 2016 | $137K | $108K | $123K | $0 | — | View 990 |
| 2015 | $149K | $159K | $94K | $0 | — | View 990 |
| 2014 | $166K | $97K | $104K | $0 | — | View 990 |
| 2013 | $183K | $159K | $35K | $0 | — | View 990 |
| 2012 | $156K | $164K | $11K | $0 | — | View 990 |
| 2011 | $150K | $164K | $26K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $233K, expenses of $182K, and assets of $366K (revenue -1.6% year-over-year).
- 2022: Revenue of $237K, expenses of $46K, and assets of $315K (revenue +204.9% year-over-year).
- 2021: Revenue of $78K, expenses of $39K, and assets of $124K (revenue +298.7% year-over-year).
- 2020: Revenue of $19K, expenses of $37K, and assets of $85K (revenue -66.2% year-over-year).
- 2019: Revenue of $58K, expenses of $82K, and assets of $103K (revenue -40.9% year-over-year).
- 2018: Revenue of $97K, expenses of $73K, and assets of $128K (revenue -19.5% year-over-year).
- 2017: Revenue of $121K, expenses of $141K, and assets of $103K (revenue -11.8% year-over-year).
- 2016: Revenue of $137K, expenses of $108K, and assets of $123K (revenue -7.8% year-over-year).
- 2015: Revenue of $149K, expenses of $159K, and assets of $94K (revenue -10.2% year-over-year).
- 2014: Revenue of $166K, expenses of $97K, and assets of $104K (revenue -9.3% year-over-year).
- 2013: Revenue of $183K, expenses of $159K, and assets of $35K (revenue +16.8% year-over-year).
- 2012: Revenue of $156K, expenses of $164K, and assets of $11K (revenue +4.5% year-over-year).
- 2011: Revenue of $150K, expenses of $164K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meredith A Cowden Foundation Inc:
Data Sources and Methodology
This transparency report for Meredith A Cowden Foundation Inc 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.