International House of Metrolina Inc

Analysis

International House of Metrolina Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, International House of Metrolina Inc reported income of $2.0m and spending of $1.6m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.0m (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, International House of Metrolina Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Impact Community Foundation ($2.0m), Agape Global Ltd ($2.0m) and Washington Office on Latin America Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $97k (6.1% of expenses). Other salaries and wages came to $798k. At year end it held assets of $1.7m against liabilities of $407k, net assets of $1.3m. It reported 24 employees.