Metropolitan Opera Association Inc: $303.1M Revenue, $332.3M Expenses
New York, New York · EIN 131624087 · Filing year 2023
Metropolitan Opera Association Inc reported $303.1M in total revenue, $332.3M in total expenses, and $506.5M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $4.5M (1.49% of revenue). NonprofitTruth efficiency grade: B (69/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $303.1M
- Total Expenses
- $332.3M
- Total Assets
- $506.5M
- Reserve Months
- 18.3 months
- Surplus / (Deficit)
- $-29,167,543
- EIN
- 131624087
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $4.5M
- Officer Comp % of Revenue
- 1.49%
The efficiency rubric puts Metropolitan Opera Association Inc at a B grade: a composite of 69/100 that lands above the national midpoint. The grade reflects solid financial reserves alongside reasonable officer compensation and steady revenue.
Annual revenue at Metropolitan Opera Association Inc runs $303.1M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Financial health is a strength: Metropolitan Opera Association Inc carries a healthy operating-reserve cushion against $332.3M in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.
Revenue has been roughly stable over the five-year filing window. The pattern is normal for established organizations operating in a mature program area. Officer compensation is modest relative to organizational size: Metropolitan Opera Association Inc reports $4.5M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $303.1M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Metropolitan Opera Association Inc sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.
How Metropolitan Opera Association Inc Compares
Metropolitan Opera Association Inc earns a NonprofitTruth efficiency grade of B (69/100). That is 13 points above the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 1.49% of total revenue. The organization holds 18.3 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Metropolitan Opera Association Inc reported $303.1M in revenue against $332.3M in total functional expenses for filing year 2023, holding roughly 18.3 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $4.5M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 1.49% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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Metropolitan Opera Association Inc has a NonprofitTruth Efficiency Score of B (69/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Metropolitan Opera Association Inc, Donor FAQ
Metropolitan Opera Association Inc has a NonprofitTruth Efficiency Score of B (69/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Metropolitan Opera Association Inc reports $4.5M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 1.49% of the organization's $303.1M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Metropolitan Opera Association Inc reported $303.1M in annual revenue and $332.3M in total expenses for filing year 2023. The organization holds $506.5M in total assets.
Metropolitan Opera Association Inc holds approximately 18.3 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.
Metropolitan Opera Association Inc is a registered 501(c) organization with EIN 131624087, based in New York, New York. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Arts, Culture & Humanities Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.