Metro Changers

Analysis

Metro Changers is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Metro Changers reported income of $221k and spending of $326k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $424k to $221k (-48%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metro Changers sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within AL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($220k), Ford Road Supportive Housing Inc ($221k) and McCormick Memorial Home for the Aged ($220k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $43k against liabilities of $61k, net assets of -$18k.

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.