Metro Arms Incorporated

Analysis

Metro Arms Incorporated is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Arms Incorporated reported income of $119k and spending of $131k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $119k (+9.6%), an average of +2.3% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metro Arms Incorporated sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Fall Creek Valley Housing Inc ($119k), Kay Goss Apartments Inc ($119k) and Imperial Housing Corporation ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. At year end it held assets of $295k against liabilities of $749k, net assets of -$454k.

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.