Metropolitan College Of New York
Metropolitan College Of New York faces significant revenue decline and operating deficits.
EIN: 136192377 · New York, NY · NTEE: B42Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.2M |
| Total Expenses | $26.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $76 |
| Net Assets | $20.1M |
| Transparency Score | 55/100 |
Is Metropolitan College Of New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Metropolitan College Of New York directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Metropolitan College Of New York
Metropolitan College Of New York (EIN: 136192377) is a nonprofit organization based in New York, NY, classified under NTEE code B42Z. The organization reported total revenue of $20.2M and total assets of $76.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Metropolitan College Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Metropolitan College Of New York is a large nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.1M |
| Total Expenses | $26.3M |
| Surplus / Deficit | $-7,164,851 |
| Total Assets | $83.0M |
| Total Liabilities | $62.9M |
| Net Assets | $20.1M |
| Operating Margin | -37.5% |
| Debt-to-Asset Ratio | 75.8% |
| Months of Reserves | 37.9 months |
Financial Health Grade: C
In 2023, Metropolitan College Of New York reported a deficit of $7.2M with expenses exceeding revenue, holds 37.9 months of operating reserves (strong position), has a debt-to-asset ratio of 75.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Metropolitan College Of New York's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.8% | -5.2% | -8.4% |
| 2022 | -7.0% | -7.9% | -3.8% |
| 2021 | -2.7% | +0.6% | -2.8% |
| 2020 | -0.1% | -3.5% | -0.5% |
| 2019 | -3.6% | -3.1% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Metropolitan College Of New York with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Metropolitan College Of New York allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 75.8%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an organization of this size with assets exceeding $76 million and annual revenues in the tens of millions, suggesting a potential data anomaly or a unique compensation structure that is not fully transparent in the provided summary.
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 Metropolitan College Of New York's IRS 990 filings:
- Significant and sustained decline in revenue from $30.9M in 2019 to $19.1M in 2023.
- Consistent operating deficits, notably a $7.1 million deficit in 2023 (Expenses $26.2M vs Revenue $19.1M).
- Steady decline in total assets from $103M in 2015 to $83M in 2023.
- Unusual reporting of 0% officer compensation across all filings, raising transparency concerns.
Strengths
The following positive indicators were identified for Metropolitan College Of New York:
- Historically strong asset base, though declining, still provides a buffer ($83M in 2023).
Frequently Asked Questions about Metropolitan College Of New York
Is Metropolitan College Of New York a legitimate charity?
Metropolitan College Of New York (EIN: 136192377) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $20.2M. 4 red flags identified. 1 strength noted. Financial health grade: C.
How does Metropolitan College Of New York spend its money?
Metropolitan College Of New York directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Metropolitan College Of New York tax-deductible?
Metropolitan College Of New York is registered as a tax-exempt nonprofit (EIN: 136192377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Metropolitan College Of New York CEO make?
Metropolitan College Of New York's highest-compensated officer earns $76 annually. The organization reported $20.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Metropolitan College Of New York's spending goes to programs?
Metropolitan College Of New York directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Metropolitan College Of New York compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Metropolitan College Of New York is near average for NTEE category B42Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Metropolitan College Of New York located?
Metropolitan College Of New York is headquartered in New York, New York and files with the IRS under EIN 136192377. It is classified under NTEE code B42Z.
How many years of IRS 990 filings does Metropolitan College Of New York have?
Metropolitan College Of New York has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $20.2M in total revenue.
What is the reason for the consistent 0% officer compensation reported in all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale and warrants further investigation into the detailed IRS Form 990 to understand how executive leadership is compensated, if at all, or if this is a reporting anomaly.
What strategies are in place to address the significant decline in revenue from $30.9M in 2019 to $19.1M in 2023?
The organization has experienced a substantial revenue drop of over $11 million in four years. Understanding the underlying causes and the strategic plan to reverse this trend is crucial for assessing future financial viability.
How does the organization plan to manage the growing operating deficits, such as the $7.1 million deficit in 2023?
With expenses consistently exceeding revenue in recent years, particularly the $7.1 million deficit in 2023, the organization needs a clear plan to achieve financial sustainability and prevent further depletion of assets.
Filing History
IRS 990 filing history for Metropolitan College Of New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Metropolitan College Of New York's revenue has declined by 35.7%, moving from $29.7M to $19.1M. Total assets increased by 180.2% over the same period, from $29.6M to $83.0M. Total functional expenses fell by 2.7%, from $27.0M to $26.3M. In its most recent filing year (2023), Metropolitan College Of New York reported a deficit of $7.2M, with expenses exceeding revenue. The organization holds $62.9M in liabilities against $83.0M in assets (debt-to-asset ratio: 75.8%), resulting in net assets of $20.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.1M | $26.3M | $83.0M | $62.9M | — | — |
| 2022 | $28.0M | $27.7M | $90.7M | $64.3M | — | View 990 |
| 2021 | $30.1M | $30.1M | $94.2M | $65.1M | — | View 990 |
| 2020 | $31.0M | $29.9M | $96.9M | $68.3M | — | View 990 |
| 2019 | $31.0M | $31.0M | $97.4M | $66.9M | — | View 990 |
| 2018 | $32.2M | $32.0M | $97.5M | $68.6M | — | View 990 |
| 2017 | $31.7M | $31.6M | $99.3M | $69.7M | — | View 990 |
| 2016 | $30.2M | $30.1M | $99.4M | $70.7M | — | View 990 |
| 2015 | $31.7M | $30.7M | $103.0M | $75.0M | — | View 990 |
| 2014 | $30.7M | $30.8M | $101.9M | $74.4M | — | View 990 |
| 2013 | $33.6M | $29.8M | $36.6M | $9.1M | — | View 990 |
| 2012 | $32.8M | $29.1M | $33.0M | $9.5M | — | View 990 |
| 2011 | $29.7M | $27.0M | $29.6M | $10.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.1M, expenses of $26.3M, and assets of $83.0M (revenue -31.8% year-over-year).
- 2022: Revenue of $28.0M, expenses of $27.7M, and assets of $90.7M (revenue -7.0% year-over-year).
- 2021: Revenue of $30.1M, expenses of $30.1M, and assets of $94.2M (revenue -2.7% year-over-year).
- 2020: Revenue of $31.0M, expenses of $29.9M, and assets of $96.9M (revenue -0.1% year-over-year).
- 2019: Revenue of $31.0M, expenses of $31.0M, and assets of $97.4M (revenue -3.6% year-over-year).
- 2018: Revenue of $32.2M, expenses of $32.0M, and assets of $97.5M (revenue +1.5% year-over-year).
- 2017: Revenue of $31.7M, expenses of $31.6M, and assets of $99.3M (revenue +4.7% year-over-year).
- 2016: Revenue of $30.2M, expenses of $30.1M, and assets of $99.4M (revenue -4.5% year-over-year).
- 2015: Revenue of $31.7M, expenses of $30.7M, and assets of $103.0M (revenue +3.2% year-over-year).
- 2014: Revenue of $30.7M, expenses of $30.8M, and assets of $101.9M (revenue -8.8% year-over-year).
- 2013: Revenue of $33.6M, expenses of $29.8M, and assets of $36.6M (revenue +2.5% year-over-year).
- 2012: Revenue of $32.8M, expenses of $29.1M, and assets of $33.0M (revenue +10.4% year-over-year).
- 2011: Revenue of $29.7M, expenses of $27.0M, and assets of $29.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Metropolitan College Of New York:
Data Sources and Methodology
This transparency report for Metropolitan College Of New York 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.