Metzger Park Apartments Inc

Analysis

Metzger Park Apartments Inc is a registered charity in United States, based in Tigard, OR. It received its IRS tax-exemption ruling in July 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Metzger Park Apartments Inc reported income of $319k and spending of $413k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $319k (+18%), an average of +4.3% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metzger Park Apartments Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within OR. Charities of a similar size with the same main cause include Backbone Housing Inc ($319k), Casa de Amigos of Willacy County Inc ($319k) and Bay Aging Apartments Middlesex Inc ($319k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $58k. At year end it held assets of $2.1m against liabilities of $1.4m, net assets of $687k.

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.