Metanoia

Analysis

Metanoia is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Metanoia reported income of $10.7m and spending of $3.3m, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $10.7m (+164%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 113%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metanoia 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 95th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Cultivate Culinary School and Catering Inc ($10.7m), Childserve Community Options Inc ($10.7m) and Beaver County Rehabilitation Center Inc ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $239k (7.3% of expenses). Other salaries and wages came to $545k. At year end it held assets of $24.3m against liabilities of $7.4m, net assets of $16.9m. It reported 29 employees.