Metanoia Project Inc

Analysis

Metanoia Project Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 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 September 2024, Metanoia Project Inc reported income of $349k and spending of $323k, spending 92% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $339k to $349k (+3.2%), an average of +0.6% a year. The sharpest change came in the year to September 2023, when income rose by 59%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metanoia Project Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Presbyterian Homes of Wisconsin Inc ($349k), 5812 Rescue ($350k) and Stepping Stone Housing Inc ($349k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. Other salaries and wages came to $229k. At year end it held assets of $184k against liabilities of $0, net assets of $184k. It reported 40 employees.