Metropolitan Ensemble Theatre

Analysis

Metropolitan Ensemble Theatre is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in September 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Metropolitan Ensemble Theatre reported income of $501k and spending of $547k, spending 109% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $433k to $501k (+16%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 105% 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 Ensemble Theatre sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within MO. Charities of a similar size with the same main cause include Little Theatre of New Smyrna Beach Inc 726 Third Ave ($501k), Key West Theater and Community Stage ($501k) and A Public Space Literary Projects Inc ($501k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 71% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $87k (16% of expenses). Other salaries and wages came to $28k. It paid $7,054 in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $1.2m, net assets of -$42k. It reported 4 employees.