Metropolitan Opera Centennial Fund Endowment Trust

Analysis

Metropolitan Opera Centennial Fund Endowment Trust is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1960, 66 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Metropolitan Opera Centennial Fund Endowment Trust reported income of $1.2m and spending of $4.4m, spending 360% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.2m to $1.2m (+2.9%), an average of +0.7% a year. The sharpest change came in the year to July 2020, when income rose by 78%. Over the whole period it spent 126% 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 Centennial Fund Endowment Trust sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Future Roots Inc ($1.2m), Woodland Pattern Inc ($1.2m) and Storycenter ($1.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 146% of the total. At year end it held assets of $45.9m against liabilities of $56k, net assets of $45.9m.