Metro Towers Inc

Analysis

Metro Towers Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Metro Towers Inc reported income of $489k and spending of $579k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $430k to $489k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Metro Towers Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within MO. Charities of a similar size with the same main cause include California Careforce ($489k), Nemaha Valley Health Care Foundation ($489k) and Sterling Youth Soccer Assc ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. At year end it held assets of $2.0m against liabilities of $2.7m, net assets of -$709k.

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.