Northern Metropolitan Inc

Analysis

Northern Metropolitan Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in December 1982, 44 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northern Metropolitan Inc reported income of $20.6m and spending of $20.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.6m to $20.6m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northern Metropolitan 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Cascade Community Healthcare ($20.6m), Adult Skills Center ($20.6m) and Bethany-St Joseph Corp ($20.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 94% of the total. Other salaries and wages came to $8.0m. At year end it held assets of $18.0m against liabilities of $8.3m, net assets of $9.7m. It reported 168 employees.