Metropolitan Washington Ear Inc

Analysis

Metropolitan Washington Ear Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in November 1973, 53 years ago. 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, Metropolitan Washington Ear Inc reported income of $573k and spending of $608k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $531k to $573k (+7.8%), an average of +1.9% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Metropolitan Washington Ear Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Child Evangelism Fellowship Inc ($573k), Irish Youth Hockey League Inc ($573k) and Rose Memorial Library Association ($573k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $139k (23% of expenses). Other salaries and wages came to $223k. At year end it held assets of $3.2m against liabilities of $32k, net assets of $3.2m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.