Metropolitan Education District Foundation

Analysis

Metropolitan Education District Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Education District Foundation reported income of $185k and spending of $164k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $51k to $185k (+263%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 192%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metropolitan Education District Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Troy Main Street Inc ($185k), Share a Smile ($185k) and Advanced Methods in Innovation ($185k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.