Metropolitan Ballet Company

Analysis

Metropolitan Ballet Company is a registered charity in United States, based in Jenkintown, PA. It received its IRS tax-exemption ruling in October 2001, 25 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 December 2023, Metropolitan Ballet Company reported income of $218k and spending of $209k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $229k to $218k (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 98% 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 Ballet Company sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include Amc Museum Foundation Inc ($218k), Bemidji Symphony Orchestra ($218k) and Talking Eyes Media Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 30% of the total. Other salaries and wages came to $20k. At year end it held assets of $128k against liabilities of $0, net assets of $128k. It reported 1 employees.