Met Cares Foundation Inc

Analysis

Met Cares Foundation Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Met Cares Foundation Inc reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.1m (-37%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 54%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Met Cares Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OK. Charities of a similar size with the same main cause include Houston Womens Business Council Inc ($1.1m), Alliance Community Foundation ($1.1m) and Charitable Partnership Fund ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $622k. At year end it held assets of $400k against liabilities of $3,526, net assets of $396k. It reported 47 employees.