Metropolitan Foundation

Analysis

Metropolitan Foundation is a registered charity in United States, based in Wyoming, MI. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Metropolitan Foundation reported income of $5.3m and spending of $4.0m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $5.3m (+103%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 243%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Metropolitan Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Partnership of African American Churches Inc ($5.3m), Horizons International ($5.3m) and Little People Childcare Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 113% of the total. At year end it held assets of $21.4m against liabilities of $211k, net assets of $21.2m.