Metropolitan Council for Educational Opportunity Metco Inc

Analysis

Metropolitan Council for Educational Opportunity Metco Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in September 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Metropolitan Council for Educational Opportunity Metco Inc reported income of $2.7m and spending of $2.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.1m to $2.7m (-34%), an average of -9.8% a year. The sharpest change came in the year to June 2020, when income dropped by 53%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Metropolitan Council for Educational Opportunity Metco Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Smithsonian Early Enrichment Center Inc ($2.7m), Partners for Educational Leadership Inc ($2.7m) and Arkansas Oklahoma Regional Education & Promotion Assn Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $345k (13% of expenses). Other salaries and wages came to $851k. At year end it held assets of $2.2m against liabilities of $228k, net assets of $2.0m. It reported 58 employees.