Metropolitan Ministries Foundation Inc
Metropolitan Ministries Foundation Inc. reports minimal expenses despite significant revenue and asset growth, suggesting a primary role as a fundraising and asset-holding entity.
EIN: 203535998 · Tampa, FL · NTEE: P11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $391K |
| Net Assets | $15.3M |
| Transparency Score | 40/100 |
Is Metropolitan Ministries Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Metropolitan Ministries Foundation Inc
Metropolitan Ministries Foundation Inc (EIN: 203535998) is a nonprofit organization based in Tampa, FL, classified under NTEE code P11. The organization reported total revenue of $3.9M and total assets of $30.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Metropolitan Ministries Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Metropolitan Ministries Foundation Inc is a mid-size nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 38.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $391K |
| Surplus / Deficit | +$2.7M |
| Total Assets | $21.3M |
| Total Liabilities | $6.0M |
| Net Assets | $15.3M |
| Operating Margin | 87.3% |
| Debt-to-Asset Ratio | 28.4% |
| Months of Reserves | 653.5 months |
Financial Health Grade: A
In 2023, Metropolitan Ministries Foundation Inc reported a surplus of $2.7M with revenue exceeding expenses, holds 653.5 months of operating reserves (strong position), has a debt-to-asset ratio of 28.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Metropolitan Ministries Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 38.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -74.0% | +119.9% | +21.2% |
| 2022 | +3515.3% | +39.0% | +132.7% |
| 2021 | -59.2% | -55.5% | +461.3% |
| 2020 | +197.8% | -20.2% | +49.3% |
| 2019 | +108.2% | +48.5% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Ministries Foundation Inc with a Mission Score of 40 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Metropolitan Ministries Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees are compensated directly by this specific foundation, which is a positive sign for resource allocation.
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 Ministries Foundation Inc's IRS 990 filings:
- Extremely low reported expenses relative to revenue and assets, making direct program efficiency assessment difficult without linked operating entity data.
- Lack of detailed expense breakdown in provided data to understand administrative vs. fundraising costs within the Foundation itself.
Strengths
The following positive indicators were identified for Metropolitan Ministries Foundation Inc:
- Consistent growth in assets, reaching over $30 million, indicating strong financial stewardship of its holdings.
- Zero officer compensation reported across all filings, demonstrating efficient use of funds regarding executive pay.
- Significant revenue generation, with a peak of over $11.7 million in 2022, indicating strong fundraising capacity.
Frequently Asked Questions about Metropolitan Ministries Foundation Inc
Is Metropolitan Ministries Foundation Inc a legitimate charity?
Metropolitan Ministries Foundation Inc (EIN: 203535998) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 40/100. It has 12 years of IRS 990 filings on record. Total revenue: $3.9M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Metropolitan Ministries Foundation Inc spend its money?
Metropolitan Ministries Foundation Inc reported $3.9M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Metropolitan Ministries Foundation Inc tax-deductible?
Metropolitan Ministries Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203535998). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Metropolitan Ministries Foundation Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Metropolitan Ministries Foundation Inc is near average for NTEE category P11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Metropolitan Ministries Foundation Inc located?
Metropolitan Ministries Foundation Inc is headquartered in Tampa, Florida and files with the IRS under EIN 203535998. It is classified under NTEE code P11.
How many years of IRS 990 filings does Metropolitan Ministries Foundation Inc have?
Metropolitan Ministries Foundation Inc has 12 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 $3.9M in total revenue.
What is the relationship between Metropolitan Ministries Foundation Inc. and the operating Metropolitan Ministries?
The financial data strongly suggests that Metropolitan Ministries Foundation Inc. serves as a supporting organization, likely holding assets and receiving donations for a related operating entity, Metropolitan Ministries. Its extremely low reported expenses relative to revenue and assets indicate it does not directly conduct programs.
Why are expenses so low compared to revenue and assets?
The consistently low expenses (e.g., $177,845 in 2022 against $11.7 million revenue) indicate that the Foundation likely transfers funds to a related operating charity, rather than incurring significant direct program or administrative costs itself. This structure is common for supporting organizations.
How are the funds ultimately used for charitable purposes?
Based on the financial structure, the funds are likely transferred to the main Metropolitan Ministries organization, which then incurs the program expenses. To understand the ultimate use of funds, one would need to analyze the IRS 990 filings of the operating Metropolitan Ministries.
Filing History
IRS 990 filing history for Metropolitan Ministries Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Metropolitan Ministries Foundation Inc's revenue has grown by 4683.4%, moving from $64K to $3.1M. Total assets increased by 33114.6% over the same period, from $64K to $21.3M. Total functional expenses rose by 566673.9%, from $69 to $391K. In its most recent filing year (2023), Metropolitan Ministries Foundation Inc reported a surplus of $2.7M, with revenue exceeding expenses. The organization holds $6.0M in liabilities against $21.3M in assets (debt-to-asset ratio: 28.4%), resulting in net assets of $15.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $391K | $21.3M | $6.0M | — | View 990 |
| 2022 | $11.8M | $178K | $17.6M | $6.0M | — | View 990 |
| 2021 | $326K | $128K | $7.6M | $6.0M | — | View 990 |
| 2020 | $800K | $287K | $1.3M | $8K | — | View 990 |
| 2019 | $269K | $360K | $901K | $77K | — | View 990 |
| 2018 | $129K | $242K | $993K | $76K | — | View 990 |
| 2017 | $87K | $263K | $1.1M | $75K | — | View 990 |
| 2016 | $23K | $208K | $1.3M | $70K | — | View 990 |
| 2015 | $1.0M | $284K | $1.5M | $61K | — | View 990 |
| 2014 | $139 | $151K | $71K | $61K | — | View 990 |
| 2013 | $100K | $3K | $164K | $58K | — | View 990 |
| 2011 | $64K | $69 | $64K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $391K, and assets of $21.3M (revenue -74.0% year-over-year).
- 2022: Revenue of $11.8M, expenses of $178K, and assets of $17.6M (revenue +3515.3% year-over-year).
- 2021: Revenue of $326K, expenses of $128K, and assets of $7.6M (revenue -59.2% year-over-year).
- 2020: Revenue of $800K, expenses of $287K, and assets of $1.3M (revenue +197.8% year-over-year).
- 2019: Revenue of $269K, expenses of $360K, and assets of $901K (revenue +108.2% year-over-year).
- 2018: Revenue of $129K, expenses of $242K, and assets of $993K (revenue +49.1% year-over-year).
- 2017: Revenue of $87K, expenses of $263K, and assets of $1.1M (revenue +282.7% year-over-year).
- 2016: Revenue of $23K, expenses of $208K, and assets of $1.3M (revenue -97.7% year-over-year).
- 2015: Revenue of $1.0M, expenses of $284K, and assets of $1.5M (revenue +719330.2% year-over-year).
- 2014: Revenue of $139, expenses of $151K, and assets of $71K (revenue -99.9% year-over-year).
- 2013: Revenue of $100K, expenses of $3K, and assets of $164K (revenue +55.8% year-over-year).
- 2011: Revenue of $64K, expenses of $69, and assets of $64K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Metropolitan Ministries Foundation Inc:
Data Sources and Methodology
This transparency report for Metropolitan Ministries Foundation 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.