Connecticut Lyric Opera Inc

Analysis

Connecticut Lyric Opera Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in February 2004, 22 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 July 2023, Connecticut Lyric Opera Inc reported income of $84k and spending of $83k, spending 98% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $73k to $84k (+15%), an average of +15% a year. The sharpest change came in the year to July 2023, when income rose by 15%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connecticut Lyric Opera Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within CT. Charities of a similar size with the same main cause include Glasshouseprojectinc ($84k), National Storytelling Membership Association ($84k) and Born Dancing Inc ($84k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $24k against liabilities of $23k, net assets of $471.