Metropolitan Club Foundation Inc

Analysis

Metropolitan Club Foundation Inc is a registered charity in United States, based in Elmsford, NY. It received its IRS tax-exemption ruling in November 1996, 30 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 December 2023, Metropolitan Club Foundation Inc reported income of $326k and spending of $348k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $392k to $326k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 74% 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 Club Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Metropolitan Ballet Theatre Inc ($326k), Evergreen Rodeo Association ($326k) and Art on the Square Foundation Inc ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 69% of the total. Other salaries and wages came to $48k. At year end it held assets of $3.2m against liabilities of $101k, net assets of $3.1m.