Meto Inc

Analysis

Meto Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Meto Inc reported income of $1.1m and spending of $438k, leaving 59% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $344k to $1.1m (+214%), an average of +214% a year. The sharpest change came in the year to June 2023, when income rose by 214%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meto Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 56th percentile within DC. Charities of a similar size with the same main cause include Council for Advancement and Support of Education-Asia Pacific ($1.1m), Inman Park Cooperative Preschool Inc ($1.1m) and Fenway High School Fund ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $72k (16% of expenses). Other salaries and wages came to $64k. At year end it held assets of $890k against liabilities of $9,764, net assets of $880k. It reported 2 employees.