Metalwerx Inc

Analysis

Metalwerx Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Metalwerx Inc reported income of $883k and spending of $881k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $573k to $883k (+54%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Metalwerx Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include East Georgia Cancer Coalition Inc ($883k), Flagler County Education - Direct Support Organization Inc ($883k) and Public Library Association of Easthampton Inc ($883k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $93k (11% of expenses). Other salaries and wages came to $208k. At year end it held assets of $515k against liabilities of $304k, net assets of $212k. It reported 17 employees.