Metamorphosis Silc Inc

Analysis

Metamorphosis Silc Inc is a registered charity in United States, based in Lancaster, TX. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Metamorphosis Silc Inc reported income of $100k and spending of $114k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $100k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Metamorphosis Silc Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Hmong American Association of Colorado ($100k), Hope for Pregnant Teens Incorporated ($100k) and Place of Hope ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4,325 against liabilities of $0, net assets of $4,325.