Metropolitan Entertainment &

Analysis

Metropolitan Entertainment & is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Metropolitan Entertainment & reported income of $164.6m and spending of $160.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $59.5m to $164.6m (+177%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metropolitan Entertainment & sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NE. Charities of a similar size with the same main cause include Food Bank for New York City ($164.3m), NCRC Community Development Fund Inc ($164.7m) and Alamo Workforce Development Inc ($152.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $585k (0.4% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $147.7m against liabilities of $97.4m, net assets of $50.2m. It reported 803 employees.