Metro Schools

Analysis

Metro Schools is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Metro Schools reported income of $17.8m and spending of $16.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $17.8m (+151%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Metro Schools sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Empower College Prep ($17.8m), Blackburn University ($17.8m) and Jumpstart for Young Children Inc ($17.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $350k (2.1% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $26.6m against liabilities of $26.2m, net assets of $466k. It reported 196 employees.