Metropolitan Ministries Foundation Inc

Analysis

Metropolitan Ministries Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Metropolitan Ministries Foundation Inc reported income of $3.1m and spending of $391k, leaving 87% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $269k to $3.1m (+1043%), an average of +84% a year. The sharpest change came in the year to June 2022, when income rose by 3515%. Over the whole period it spent 8.3% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Metropolitan Ministries Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Kids Unlimited Services Inc ($3.1m), Ability Foundation ($3.1m) and Casa Juan Diego ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $223k (57% of expenses). At year end it held assets of $21.3m against liabilities of $6.0m, net assets of $15.3m.