Metco College Scholarship Fund of Lexington

Analysis

Metco College Scholarship Fund of Lexington is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in July 1971, 55 years ago. 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, Metco College Scholarship Fund of Lexington reported income of $121k and spending of $60k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $121k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Metco College Scholarship Fund of Lexington sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Joeys Feline Friends a Rescue Foundation ($121k), Natchitoches Community Alliance Foundation ($121k) and Par - Professionals Advocates Resources ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $307k against liabilities of $0, net assets of $307k.