Metropolitan Housing Corporation

Analysis

Metropolitan Housing Corporation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Housing Corporation reported income of $654k and spending of $2.1m, spending 327% of what it took in. The sharpest change came in the year to June 2023, when income dropped by 42%. Over the whole period it spent 4178% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metropolitan Housing Corporation 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 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include Helix Steam Properties ($654k), Colorado Association of Realtors Foundation ($654k) and New Meadow Elderly Housing Inc ($653k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 53% of the total. Other salaries and wages came to $126k. At year end it held assets of $13.6m against liabilities of $15.1m, net assets of -$1.5m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.