Metropolitan Ballet Inc

Analysis

Metropolitan Ballet Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in November 2018, 8 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 December 2023, Metropolitan Ballet Inc reported income of $104k and spending of $94k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $121k to $104k (-14%), an average of -14% a year. Over the whole period it spent 80% 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 Ballet Inc 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 36th percentile within KS. Charities of a similar size with the same main cause include Spellbound Theatre Inc ($104k), New England Dance Theater Inc ($104k) and Sun Sounds Foundation ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. At year end it held assets of $142k against liabilities of $42, net assets of $142k.