Metro Health Foundation of New Hampshire Inc

Analysis

Metro Health Foundation of New Hampshire Inc is a registered charity in United States, based in Meredith, NH. It received its IRS tax-exemption ruling in May 2001, 25 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, Metro Health Foundation of New Hampshire Inc reported income of $14.3m and spending of $15.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.5m to $14.3m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metro Health Foundation of New Hampshire Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within NH. Charities of a similar size with the same main cause include Hollywood Community Housing Corporation ($14.2m), 899 Charleston ($14.3m) and Rocky Mountain Care-Holladay Inc ($14.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $96k (0.6% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $21.3m against liabilities of $11.3m, net assets of $9.9m. It reported 234 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.