Metropolitan Ministries Inc

Analysis

Metropolitan Ministries Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Metropolitan Ministries Inc reported income of $44.3m and spending of $41.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.6m to $44.3m (+66%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Metropolitan Ministries Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include McGuire Memorial ($44.3m), The Guild for Human Services Inc ($44.3m) and Serenity Care Inc ($44.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $799k (1.9% of expenses). Other salaries and wages came to $14.2m. At year end it held assets of $48.9m against liabilities of $6.7m, net assets of $42.3m. It reported 478 employees.