Cooperative Metropolitan Ministries

Analysis

Cooperative Metropolitan Ministries is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in March 1967, 59 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 June 2023, Cooperative Metropolitan Ministries reported income of $119k and spending of $123k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $141k to $119k (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2020, when income rose by 46%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cooperative Metropolitan Ministries sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include First Serv Foundation ($119k), R I G H T Inc Hwy 4 South ($119k) and Spruce Pine Housing Inc ($119k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $37k. At year end it held assets of $93k against liabilities of $8,500, net assets of $85k. It reported 6 employees.