American Lyric Theater Center Inc

Analysis

American Lyric Theater Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2005, 21 years ago. 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, American Lyric Theater Center Inc reported income of $297k and spending of $413k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $329k to $297k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to June 2021, when income rose by 446%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Lyric Theater Center Inc 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 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Old North State Medical Society Inc ($297k), Homeless Rescue Services Inc ($297k) and Louisiana Preservation Alliance Inc ($297k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $84k (20% of expenses). Other salaries and wages came to $34k. It paid $31k in professional fundraising fees. At year end it held assets of $84k against liabilities of $31k, net assets of $53k. It reported 6 employees.