Metropolitan Arts Institute

Analysis

Metropolitan Arts Institute is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Metropolitan Arts Institute reported income of $3.0m and spending of $2.6m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.0m (+26%), an average of +5.9% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Metropolitan Arts Institute sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include Resource Impact ($3.0m), Discovery Christian School ($3.0m) and Little Bitty City Enrichment Center Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $344k (13% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.0m against liabilities of $87k, net assets of $3.9m. It reported 28 employees.