Metro-Work Center Inc

Analysis

Metro-Work Center Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Metro-Work Center Inc reported income of $740k and spending of $827k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $806k to $740k (-8.2%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 59%. 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, Metro-Work Center Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Portland Electrical Joint Apprenticeship & Training Fund ($740k), Fort Lee District Management Corporation Inc ($740k) and Apprentice Journeyworker Educ Fund of Heat & Frost Insulators Loc 12 ($740k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 95% of the total. Other salaries and wages came to $464k. At year end it held assets of $492k against liabilities of $61k, net assets of $431k. It reported 44 employees.