Metrocenter Teachers Apartments Inc

Analysis

Metrocenter Teachers Apartments Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 1990, 36 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 2022, Metrocenter Teachers Apartments Inc reported income of $2.1m and spending of $2.3m, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.1m to $2.1m (-0.4%), an average of -0.1% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Metrocenter Teachers Apartments Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Bridge-The-Gap Inc ($2.1m), Vons Vision Inc ($2.1m) and Unless U ($2.1m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 99% of the total. At year end it held assets of $6.4m against liabilities of $7.4m, net assets of -$967k. It reported 10 employees.

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.