Metrolab Network Inc

Analysis

Metrolab Network Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Metrolab Network Inc reported income of $1.1m and spending of $716k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $423k to $1.1m (+170%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 123%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metrolab Network Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 57th percentile within DC. Charities of a similar size with the same main cause include Careers in Construction Colorado ($1.1m), Cherokee by Choice Inc ($1.1m) and Allen a M E Housing Corp ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $154k (22% of expenses). Other salaries and wages came to $244k. At year end it held assets of $1.1m against liabilities of $74k, net assets of $1.0m. It reported 6 employees.