Metropolitan Opera Guild Inc

Analysis

Metropolitan Opera Guild Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1938, 88 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Metropolitan Opera Guild Inc reported income of $3.0m and spending of $4.8m, spending 161% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.9m to $3.0m (-75%), an average of -30% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 106% 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 Guild Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Monterey County Symphony Assn ($3.0m), Philadelphia Theatre Company ($3.0m) and William King Museum of Art ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $282k (5.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $6.9m against liabilities of $1.9m, net assets of $5.0m. It reported 44 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.