Metropolitan College of New York
Metropolitan College of New York reported $20.2 million in revenue and $26.9 million in expenses for calendar year 2024. Of every $100 it spent, $67.44 went to program services, $29.55 to management and general costs and $3.01 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 82.1% of the total. Government grants made up 6.5%. The highest compensation it reported for one person was $217,573 (VP Academic Affair). 16 people received more than $100,000 in reportable compensation. Revenue fell 35% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $27MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $20MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 67.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 29.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.50 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 8.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 6.5% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 82.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $217,573 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.81% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 16 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 16 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseInstruction - Direct Expense incurred for providing education to students in accordance with curriculum established by the college and the state education department
Student Services - Expenses related to facilitate student enrollment at the college
Student Aid is awarded based on academic achievement, financial need and other similar standards. The college evaluates student eligibility at the end of each semester for the following term and also before disbursement of financial aid
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| VP Academic Affair Listed in Part VII, 40.00 hrs/week | $191,131 | $0 | $26,442 | $217,573 |
| Chief Dev. Officer Listed in Part VII, 40.00 hrs/week | $188,558 | $0 | $26,408 | $214,966 |
| COO Listed in Part VII, 40.00 hrs/week | $203,846 | $0 | $10,423 | $214,269 |
| President Director/trustee, officer, 40.00 hrs/week | $181,563 | $0 | $15,038 | $196,601 |
| Dean Listed in Part VII, 40.00 hrs/week | $140,686 | $0 | $21,194 | $161,880 |
| Dean Listed in Part VII, 40.00 hrs/week | $134,494 | $0 | $16,550 | $151,044 |
| Faculty Trustee Director/trustee, 40.00 hrs/week | $85,353 | $0 | $21,500 | $106,853 |
16 people received more than $100,000 in reportable compensation from Metropolitan College of New York (Part VII, line 2). Compensation of current officers, directors and key employees totaled $182K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5250
- Volunteers Part I, line 617
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| ACSA Benefit Consolidation | $1,078,655 |
| 40 RECTOR CONDOMINIUM Common Area Maintenance | $1,025,197 |
| BOND SCHOENECK & KING PLLC Legal | $390,864 |
| HUTCH 149 ST MANAGEMENT LLC Common Area Maintenance | $350,884 |
| Huron Consulting Services LLC Consultants | $203,276 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
5 private foundations reported grants to Metropolitan College of New York totaling $116K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Metropolitan College of New York's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Metropolitan College of New York, you can publish a response that is linked from this page.
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Of every $100 Metropolitan College of New York spent in 2024, $67.44 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Massachusetts Museum of Contemporary Art FoundationNorth Adams, MA · revenue $20M · programs 78.1% · FY2025
- Edreports OrgRaleigh, NC · revenue $20M · programs 83.9% · 2024
- Lexington Christian AcademyLexington, KY · revenue $20M · programs 90.2% · FY2025
- Henry Viscardi SchoolAlbertson, NY · revenue $20M · programs 92.7% · FY2025
- Episcopal Collegiate SchoolLittle Rock, AR · revenue $20M · programs 81.4% · FY2025
Questions people ask
How much of Metropolitan College of New York's spending goes to programs?
In calendar year 2024, Metropolitan College of New York reported that 67.4% of its $26.9 million in expenses went to program services, 29.5% to management and general and 3.0% to fundraising (Form 990, Part IX).
How much does Metropolitan College of New York pay its top executive?
The largest total compensation Metropolitan College of New York reported for one person in calendar year 2024 was $217,573, for the role of VP Academic Affair (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Metropolitan College of New York get its money?
Of $20.2 million in revenue in calendar year 2024, 8.0% came from contributions and grants (including 6.5% from government grants) and 82.1% from program service revenue (Form 990, Part VIII).
Is Metropolitan College of New York a registered charity?
The IRS lists EIN 13-6192377 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533199349302723 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349306892 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323189349316732 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243189349320214 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143199349319504 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013189349306726 · read the filing
All filings for EIN 13-6192377: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.