Metropolitan Property Management Inc

Analysis

Metropolitan Property Management Inc is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in December 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Metropolitan Property Management Inc reported income of $3.4m and spending of $3.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.4m (+57%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metropolitan Property Management Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.4m), Minnesota Home Ownership Center ($3.4m) and Seven Corners Community Housing Corporation ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $103k (3.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $491k against liabilities of $196k, net assets of $295k. It reported 78 employees.