Metropolitan Ballet Theatre Inc

Analysis

Metropolitan Ballet Theatre Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Metropolitan Ballet Theatre Inc reported income of $1.8m and spending of $1.3m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.8m (+6.3%), an average of +1.5% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Metropolitan Ballet Theatre Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Always a Nutritional Meal ($1.8m), Cosanti Foundation ($1.8m) and Learning to Impact Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $102k (7.8% of expenses). Other salaries and wages came to $451k. At year end it held assets of $2.4m against liabilities of $1.7m, net assets of $705k. It reported 49 employees.