Metrofuture Inc

Analysis

Metrofuture Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Metrofuture Inc reported income of $421k and spending of $140k, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $100k to $421k (+320%), an average of +43% a year. The sharpest change came in the year to June 2022, when income rose by 698%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metrofuture Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Jasper County Economic Development Organization Inc ($421k), Joy of Helping ($421k) and Menomonee Valley Partners Inc ($420k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $471k against liabilities of $31k, net assets of $441k.