Met Council Research & Educational Fund Inc

Analysis

Met Council Research & Educational Fund Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1990, 36 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Met Council Research & Educational Fund Inc reported income of $723k and spending of $696k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $259k to $723k (+180%), an average of +23% a year. The sharpest change came in the year to December 2019, when income rose by 78%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Met Council Research & Educational Fund Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Carreys Care Center Inc ($723k), Unity Place Housing Inc ($724k) and Milpitas Housing Inc ($723k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (14% of expenses). Other salaries and wages came to $306k. At year end it held assets of $411k against liabilities of $176k, net assets of $235k. It reported 10 employees.