Wayne-Metropolitan Community Action Agency

Analysis

Wayne-Metropolitan Community Action Agency is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 1971, 55 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 September 2023, Wayne-Metropolitan Community Action Agency reported income of $143.3m and spending of $144.3m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $36.4m to $143.3m (+294%), an average of +41% a year. The sharpest change came in the year to September 2021, when income rose by 222%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wayne-Metropolitan Community Action Agency sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Mexican American Opportunity Foundation ($141.2m), Servicesource Inc ($152.4m) and Social Vocational Services Inc ($133.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $960k (0.7% of expenses). Other salaries and wages came to $36.7m. At year end it held assets of $69.2m against liabilities of $54.4m, net assets of $14.8m. It reported 1,033 employees.