Metropolitan Opera Association Inc

Analysis

Metropolitan Opera Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1940, 86 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Metropolitan Opera Association Inc reported income of $303.1m and spending of $332.3m, spending 110% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $307.5m to $303.1m (-1.4%), an average of -0.4% a year. The sharpest change came in the year to July 2022, when income rose by 72%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Metropolitan Opera Association Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include National Public Radio Inc ($302.5m), University Corporation for Atmospheric Research ($304.1m) and Crystal Stairs Inc ($297.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 61% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $4.5m (1.4% of expenses). Other salaries and wages came to $172.1m. It paid $173k in professional fundraising fees. At year end it held assets of $506.5m against liabilities of $287.5m, net assets of $219.0m. It reported 5,128 employees.