Metropolitan Club Preservation Foundation

Analysis

Metropolitan Club Preservation Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1998, 28 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 August 2023, Metropolitan Club Preservation Foundation reported income of $794k and spending of $73k, leaving 91% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $601k to $794k (+32%), an average of +7.2% a year. Over the whole period it spent 119% 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 Club Preservation Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 51st percentile within DC. Charities of a similar size with the same main cause include Studio School of Music ($794k), Joy Culture Foundation ($795k) and Roseville Theater Arts Academy ($794k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.