Metropolitan Development Center Inc

Analysis

Metropolitan Development Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Development Center Inc reported income of $7.9m and spending of $7.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $7.9m (+210%), an average of +33% a year. The sharpest change came in the year to June 2020, when income rose by 53%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Metropolitan Development Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Young Scholars for Academic Empowerment ($7.9m), Youth Era ($7.9m) and Shalom Institute Camp and Conference Center ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $3.6m against liabilities of $504k, net assets of $3.1m. It reported 276 employees.