The Metropolitan Center for the Visual Arts Inc

Analysis

The Metropolitan Center for the Visual Arts Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in April 1990, 36 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 2023, The Metropolitan Center for the Visual Arts Inc reported income of $2.9m and spending of $3.2m, spending 111% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.9m (+37%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Metropolitan Center for the Visual Arts Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Middleton Place Foundation ($2.9m), Make a Wish of New Hampshire Inc ($2.9m) and Epacenter ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $117k (3.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.6m against liabilities of $1.3m, net assets of $292k. It reported 115 employees.