Metro Solutions Inc
Analysis
Metro Solutions Inc is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Metro Solutions Inc reported income of $7.1m and spending of $6.9m, spending 97% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $6.6m to $7.1m (+7.7%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income rose by 323%. Over the whole period it spent 93% of the income it received.
Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Metro Solutions Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Baptist Memorial Home Care Inc ($7.1m), Joseph House Inc ($7.1m) and Industry Convalescent Hospital ($7.1m).
On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $407k (5.9% of expenses). Other salaries and wages came to $704k. At year end it held assets of $8.2m against liabilities of $2.4m, net assets of $5.8m. It reported 526 employees.
Income and spending
Where the income comes from
- Contributions & grants 2.9%
- Program services 96%
- Other 0.6%
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| Baptist Memorial Home Care Inc | Memphis | $7.1m |
| Joseph House Inc | Cincinnati | $7.1m |
| Industry Convalescent Hospital | City Industry | $7.1m |
| Dugan Memorial Home Inc | Tupelo | $7.1m |