Boston Lyric Opera Company Inc

Analysis

Boston Lyric Opera Company Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1970, 56 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 June 2023, Boston Lyric Opera Company Inc reported income of $10.6m and spending of $10.1m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.7m to $10.6m (+37%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boston Lyric Opera Company Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Playwrights Horizons Inc ($10.6m), Kentucky Educational Television Foundation Inc ($10.6m) and Prairie Public Broadcasting Inc ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $380k (3.8% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $23.3m against liabilities of $2.9m, net assets of $20.4m. It reported 389 employees.