Metropolitan Learning Institute Inc

Analysis

Metropolitan Learning Institute Inc is a registered charity in United States, based in Rego Park, NY. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Metropolitan Learning Institute Inc reported income of $2.9m and spending of $4.8m, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $2.9m (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 125% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Metropolitan Learning Institute Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Laverne Elementary Preparartory Academy Foundation ($2.9m), Moraga Educational Foundation ($2.9m) and City Heights Preparatory Charter School ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $536k (11% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.3m against liabilities of $4.8m, net assets of -$1.4m. It reported 84 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.