South Meadow Foundation
South Meadow Foundation faces persistent operational deficits with expenses exceeding revenue in recent years.
EIN: 201388136 · Bennington, VT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $177K |
| Program Spending | 80% |
| Net Assets | $2.8M |
| Transparency Score | 55/100 |
Is South Meadow Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Meadow Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Meadow Foundation
South Meadow Foundation (EIN: 201388136) is a nonprofit organization based in Bennington, VT, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Meadow Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Meadow Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 165.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $177K |
| Surplus / Deficit | $-55,964 |
| Total Assets | $2.8M |
| Total Liabilities | $1 |
| Net Assets | $2.8M |
| Operating Margin | -46.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 190.4 months |
Financial Health Grade: B
In 2023, South Meadow Foundation reported a deficit of $56K with expenses exceeding revenue, holds 190.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), South Meadow Foundation's revenue has grown at a compound annual growth rate (CAGR) of 165.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +67.8% | -13.9% | -2.8% |
| 2022 | -80.0% | +2.2% | -4.6% |
| 2021 | +339.5% | -4.0% | +4.7% |
| 2019 | -2387300.0% | — | +2812807.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 South Meadow Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, South Meadow Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $56K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly favorable, indicating that no officers are drawing salaries from the organization's funds, thereby maximizing resources for its mission.
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.
Red Flags
The following concerns were identified during AI analysis of South Meadow Foundation's IRS 990 filings:
- Consistent operational deficits with expenses exceeding revenue in recent years (e.g., 2023, 2022, 2020, 2019).
- Declining asset base, from $3,037,940 in 2019 to $2,806,377 in 2023, indicating a draw-down of capital.
- Significant and unexplained drop in revenue from $359,571 in 2021 to $72,054 in 2022.
- Unusual consistent reporting of $1 in liabilities across multiple years, which may warrant further scrutiny.
Strengths
The following positive indicators were identified for South Meadow Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Long filing history (10 filings), suggesting consistent compliance with IRS reporting requirements.
Frequently Asked Questions about South Meadow Foundation
Is South Meadow Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, South Meadow Foundation (EIN: 201388136) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does South Meadow Foundation spend its money?
South Meadow Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Meadow Foundation tax-deductible?
South Meadow Foundation is registered as a tax-exempt nonprofit (EIN: 201388136). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of South Meadow Foundation's spending goes to programs?
South Meadow Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does South Meadow Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), South Meadow Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Meadow Foundation located?
South Meadow Foundation is headquartered in Bennington, Vermont and files with the IRS under EIN 201388136. It is classified under NTEE code T20.
How many years of IRS 990 filings does South Meadow Foundation have?
South Meadow Foundation has 10 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 $1.1M in total revenue.
Is South Meadow Foundation financially stable?
No, the South Meadow Foundation does not appear financially stable. Its expenses have consistently exceeded its revenue in recent years (e.g., $176,903 expenses vs. $120,939 revenue in 2023), leading to a decline in assets from $3,037,940 in 2019 to $2,806,377 in 2023.
What is the trend in South Meadow Foundation's assets?
The organization's assets have been on a declining trend in recent years, decreasing from $3,037,940 in 2019 to $2,806,377 in 2023.
How does South Meadow Foundation manage executive compensation?
The South Meadow Foundation reports 0% officer compensation across all available filings, indicating that no executive salaries are paid from the organization's funds.
Why did South Meadow Foundation's revenue fluctuate so significantly?
The revenue has fluctuated significantly, dropping from $359,571 in 2021 to $72,054 in 2022 and $120,939 in 2023. The provided data does not specify the reasons for these fluctuations, but it suggests an inconsistent funding base.
Filing History
IRS 990 filing history for South Meadow Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), South Meadow Foundation's revenue has grown by 12093800%, moving from $1 to $121K. Total assets increased by 1287228.9% over the same period, from $218 to $2.8M. Total functional expenses rose by 5199.7%, from $3K to $177K. In its most recent filing year (2023), South Meadow Foundation reported a deficit of $56K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $121K | $177K | $2.8M | $1 | — | View 990 |
| 2022 | $72K | $206K | $2.9M | $1 | — | View 990 |
| 2021 | $360K | $201K | $3.0M | $1 | — | View 990 |
| 2020 | $82K | $210K | $2.9M | $1 | — | — |
| 2019 | $-23,872 | $184K | $3.0M | $1 | — | View 990 |
| 2015 | $1 | $0 | $108 | $1 | — | View 990 |
| 2014 | $1 | $0 | $108 | $1 | — | View 990 |
| 2013 | $1 | $0 | $108 | $1 | — | View 990 |
| 2012 | $1 | $110 | $108 | $1 | — | View 990 |
| 2011 | $1 | $3K | $218 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $121K, expenses of $177K, and assets of $2.8M (revenue +67.8% year-over-year).
- 2022: Revenue of $72K, expenses of $206K, and assets of $2.9M (revenue -80.0% year-over-year).
- 2021: Revenue of $360K, expenses of $201K, and assets of $3.0M (revenue +339.5% year-over-year).
- 2020: Revenue of $82K, expenses of $210K, and assets of $2.9M.
- 2019: Revenue of $-23,872, expenses of $184K, and assets of $3.0M (revenue -2387300.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $108 (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $108 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $108 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $110, and assets of $108 (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $3K, and assets of $218.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Meadow Foundation:
Data Sources and Methodology
This transparency report for South Meadow Foundation 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.