Metropolitan Music Community

Analysis

Metropolitan Music Community is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Metropolitan Music Community reported income of $103k and spending of $85k, spending 83% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $28k to $103k (+265%), an average of +265% a year. The sharpest change came in the year to June 2024, when income rose by 265%. Over the whole period it spent 89% 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 Music Community sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Vagus Nerve Society VNS Inc ($102k), Friends of the Chappaqua Performing Arts Center Inc ($103k) and 66-68 E 4th Street Entity Inc ($102k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 33% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.