Metropolitan Charities Inc

Analysis

Metropolitan Charities Inc is a registered charity in United States, based in Saint Petersburg, FL. It received its IRS tax-exemption ruling in September 1994, 32 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, Metropolitan Charities Inc reported income of $37.7m and spending of $38.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.7m to $37.7m (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Metropolitan Charities Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Hillsides ($37.7m), Childrens Guild Inc ($37.7m) and Coastline Elderly Services Inc ($37.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $971k (2.5% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $21.4m against liabilities of $10.2m, net assets of $11.2m. It reported 246 employees.