Metro Apartments Incorporated

Analysis

Metro Apartments Incorporated is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 1991, 35 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 December 2023, Metro Apartments Incorporated reported income of $210k and spending of $347k, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $210k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 151% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Metro Apartments Incorporated sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include The Mission House Inc ($210k), Rykers Rainbow ($210k) and Humane Borders Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $625k against liabilities of $294k, net assets of $332k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.