Metropolitan Arts Center

Analysis

Metropolitan Arts Center is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in March 1969, 57 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 2023, Metropolitan Arts Center reported income of $824k and spending of $1.2m, spending 144% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $879k to $824k (-6.3%), an average of -2.1% a year. The sharpest change came in the year to June 2022, when income rose by 134%. Over the whole period it spent 100% 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 Arts Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include Langston ($824k), Peace and Justice Action League of Spokane ($824k) and Remember the Triangle Fire Coalition Inc ($824k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $130k (11% of expenses). Other salaries and wages came to $274k. At year end it held assets of $3.9m against liabilities of $78k, net assets of $3.8m. It reported 9 employees.