Rochester Lyric Opera Inc

Analysis

Rochester Lyric Opera Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 2010, 16 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 2021, Rochester Lyric Opera Inc reported income of $258k and spending of $111k, leaving 57% of income unspent that year. Across the 3 years on record, from June 2019 to June 2021, income fell from $319k to $258k (-19%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rochester Lyric Opera Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Arts Etc ($257k), Arts Council of South Wood County Inc ($258k) and Tocoi Creek Arts Booster Club ($257k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 7.7% and program service revenue 25% of the total. At year end it held assets of $34k against liabilities of $28k, net assets of $5,780.