Metanoia Inc

Analysis

Metanoia Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Metanoia Inc reported income of $1.1m and spending of $945k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $933k to $1.1m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Metanoia 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 80th percentile, and in the 79th percentile within LA. Charities of a similar size with the same main cause include Upper Colorado Environmental Plant Center ($1.1m), Experimental Sound Studio ($1.1m) and Gulfshore Opera Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $204k. At year end it held assets of $3.3m against liabilities of $34k, net assets of $3.3m. It reported 6 employees.