Metro Iaf Inc
Metro Iaf Inc reports fluctuating revenues and a recent operating deficit, despite significant asset growth.
EIN: 133805406 · Jamaica, NY · NTEE: S020 · Updated: 2026-03-28
Is Metro Iaf Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Metro Iaf Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Metro Iaf Inc
Metro Iaf Inc (EIN: 133805406) is a nonprofit organization based in Jamaica, NY, classified under NTEE code S020. The organization reported total revenue of $1.8M and total assets of $14.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Metro Iaf Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Metro Iaf Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Metro Iaf Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size with assets nearing $15 million. This could indicate that compensation is paid through a related entity or that key personnel are volunteers, warranting further inquiry.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Metro Iaf Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size.
- Operating deficit in the latest fiscal year (2023), with expenses exceeding revenue.
- Significant volatility in annual revenue, making financial planning and sustainability harder to assess.
- Large, unexplained revenue spike in 2021 ($11.7M) compared to surrounding years.
Strengths
The following positive indicators were identified for Metro Iaf Inc:
- Significant growth in assets, from $543,851 in 2014 to $14,998,829 in 2023.
- Low liabilities relative to assets, indicating a strong balance sheet.
- Consistent reporting of financial data over 13 periods, demonstrating transparency in filing.
Frequently Asked Questions about Metro Iaf Inc
Is Metro Iaf Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Metro Iaf Inc (EIN: 133805406) some concerns. Mission Score: 75/100. 4 red flags identified, 3 strengths noted.
How does Metro Iaf Inc spend its money?
Metro Iaf Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Metro Iaf Inc tax-deductible?
Metro Iaf Inc is registered as a tax-exempt nonprofit (EIN: 133805406). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Metro Iaf Inc a good charity?
Metro Iaf Inc shows strengths in asset growth and reported transparency regarding officer compensation (0%). However, the recent operating deficit in 2023 and significant revenue volatility suggest potential financial instability. A deeper look into program spending details and the nature of the large revenue spikes would be beneficial to fully assess its effectiveness.
Why is officer compensation consistently 0%?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with revenues in the millions and assets nearing $15 million. This could mean that key leadership roles are entirely volunteer-based, compensation is paid by a related entity, or it's structured in a way that isn't reported as officer compensation on the 990, which would require further investigation to understand.
What caused the large revenue spike in 2021?
In 2021, Metro Iaf Inc reported an extraordinary revenue of $11,706,994, a significant increase from $3,992,206 in 2020 and $1,974,412 in 2022. This spike warrants investigation to understand if it was due to a one-time grant, a major capital campaign, or other unusual income, as it significantly skews the average revenue.
Is the organization financially sustainable given the 2023 deficit?
In 2023, Metro Iaf Inc's expenses ($2,359,092) exceeded its revenue ($2,227,043), resulting in an operating deficit. While the organization has substantial assets ($14,998,829), sustained deficits could impact long-term financial health. It's important to monitor future filings to see if this was an anomaly or a trend.
Filing History
IRS 990 filing history for Metro Iaf Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Metro Iaf Inc's revenue has grown by 107.1%, moving from $1.1M to $2.2M. Total assets increased by 3157.1% over the same period, from $460K to $15.0M. Total functional expenses rose by 145.3%, from $962K to $2.4M. In its most recent filing year (2023), Metro Iaf Inc reported a deficit of $132K, with expenses exceeding revenue. The organization holds $68K in liabilities against $15.0M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $14.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.4M | $15.0M | $68K | — | — |
| 2022 | $2.0M | $1.1M | $15.7M | $69K | — | View 990 |
| 2021 | $11.7M | $2.4M | $14.7M | $32K | — | View 990 |
| 2020 | $4.0M | $1.6M | $5.4M | $21K | — | View 990 |
| 2019 | $1.5M | $1.4M | $3.0M | $6K | — | View 990 |
| 2018 | $1.4M | $1.7M | $2.9M | $142K | — | View 990 |
| 2017 | $4.5M | $2.0M | $3.4M | $185K | — | View 990 |
| 2016 | $1.4M | $1.3M | $853K | $45K | — | View 990 |
| 2015 | $1.7M | $1.4M | $768K | $43K | — | View 990 |
| 2014 | $1.4M | $1.4M | $544K | $49K | — | View 990 |
| 2013 | $999K | $977K | $571K | $117K | — | View 990 |
| 2012 | $1.3M | $1.2M | $584K | $151K | — | View 990 |
| 2011 | $1.1M | $962K | $460K | $126K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.4M, and assets of $15.0M (revenue +12.8% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.1M, and assets of $15.7M (revenue -83.1% year-over-year).
- 2021: Revenue of $11.7M, expenses of $2.4M, and assets of $14.7M (revenue +193.2% year-over-year).
- 2020: Revenue of $4.0M, expenses of $1.6M, and assets of $5.4M (revenue +158.5% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.4M, and assets of $3.0M (revenue +12.5% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.7M, and assets of $2.9M (revenue -69.4% year-over-year).
- 2017: Revenue of $4.5M, expenses of $2.0M, and assets of $3.4M (revenue +214.7% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $853K (revenue -14.2% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.4M, and assets of $768K (revenue +15.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $544K (revenue +44.4% year-over-year).
- 2013: Revenue of $999K, expenses of $977K, and assets of $571K (revenue -22.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $584K (revenue +19.6% year-over-year).
- 2011: Revenue of $1.1M, expenses of $962K, and assets of $460K.
Data Sources and Methodology
This transparency report for Metro Iaf Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.