Victorian Lyric Opera Company

Analysis

Victorian Lyric Opera Company is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in September 2007, 19 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 2023, Victorian Lyric Opera Company reported income of $207k and spending of $168k, spending 81% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $224k to $207k (-7.6%), an average of -3.9% a year. The sharpest change came in the year to June 2023, when income rose by 174%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Victorian Lyric Opera Company sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Association of Midwest Museums ($207k), Pandion Music Foundation Inc ($207k) and Spamart Inc ($207k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 30% of the total. At year end it held assets of $236k against liabilities of $34k, net assets of $202k.