The Lyric Chamber Music Society of New York Inc

Analysis

The Lyric Chamber Music Society of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Lyric Chamber Music Society of New York Inc reported income of $509k and spending of $467k, spending 92% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $257k to $509k (+98%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Lyric Chamber Music Society of New York Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Winston-Salem Festival Ballet Inc ($509k), Artsconnect Inc ($509k) and Amplified Impact Partners ($509k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 51% of the total. Other salaries and wages came to $90k. At year end it held assets of $315k against liabilities of $4,350, net assets of $311k. It reported 2 employees.