Metro House Inc

Analysis

Metro House Inc is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 House Inc reported income of $118k and spending of $126k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $118k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Metro House Inc sits at the 36th percentile: it is larger than about 36% 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 Worrels Haven Inc ($118k), McCreary Christian Center Inc ($118k) and Cross Mission Ministries Inc ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $337k against liabilities of $685k, net assets of -$349k.

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.