Metzenbaum Sheltered Industries Inc

Analysis

Metzenbaum Sheltered Industries Inc is a registered charity in United States, based in Newbury, OH. It received its IRS tax-exemption ruling in August 1972, 54 years ago. Its declared purposes cover employment, 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 December 2023, Metzenbaum Sheltered Industries Inc reported income of $1.7m and spending of $1.9m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.7m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metzenbaum Sheltered Industries Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Martis Camp Community Foundation ($1.7m), Green Lake Renewal Inc ($1.7m) and Rocky Mountain Minority Supplier Development Council ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $81k (4.4% of expenses). Other salaries and wages came to $603k. At year end it held assets of $740k against liabilities of $505k, net assets of $235k. It reported 87 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.