Metropolitan College of New York

Analysis

Metropolitan College of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1965, 61 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 2023, Metropolitan College of New York reported income of $19.1m and spending of $26.3m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $31.0m to $19.1m (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Metropolitan College of New York sits at the 96th percentile: it is larger than about 96% 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 Piedmont Community Charter School ($19.1m), Eagle Ridge Academy ($19.1m) and Hellenic Classical Charter Schools ($19.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.5m (5.8% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $83.0m against liabilities of $62.9m, net assets of $20.1m. It reported 262 employees.