Metec

Analysis

Metec is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Metec reported income of $921k and spending of $783k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $921k (+262%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 134%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Metec sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Dayton Christian Center Inc ($921k), Niagara Gospel Rescue Mission Inc ($923k) and Samaritan Counseling Center of Southern Wisconsin Inc ($921k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $60k (7.7% of expenses). Other salaries and wages came to $189k. At year end it held assets of $478k against liabilities of $53k, net assets of $426k. It reported 15 employees.