Metropolitan Educational Theatre Network Inc a Delaware Corp

Analysis

Metropolitan Educational Theatre Network Inc a Delaware Corp is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in February 1999, 27 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 Educational Theatre Network Inc a Delaware Corp reported income of $902k and spending of $893k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $813k to $902k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 1263%. Over the whole period it spent 90% 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 Educational Theatre Network Inc a Delaware Corp sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Southern Political Science Association Inc ($902k), Contemporary Arts Memphis ($902k) and Franconia Sculpture Park ($902k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $9,322 against liabilities of $0, net assets of $9,322.