Metro Technology Centers Foundation Inc

Analysis

Metro Technology Centers Foundation Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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, Metro Technology Centers Foundation Inc reported income of $361k and spending of $327k, spending 91% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $159k to $361k (+127%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 160%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Metro Technology Centers Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within OK. Charities of a similar size with the same main cause include Palmetto Association for Children and Families ($361k), Topeka Lutheran School Foundation Inc ($361k) and Abuse Resource Network ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $68k (21% of expenses). Other salaries and wages came to $9,281. At year end it held assets of $295k against liabilities of $16k, net assets of $279k. It reported 2 employees.