Lancaster New York Opera House Inc

Analysis

Lancaster New York Opera House Inc is a registered charity in United States, based in Lancaster, NY. It received its IRS tax-exemption ruling in May 1981, 45 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, Lancaster New York Opera House Inc reported income of $551k and spending of $647k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $672k to $551k (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2022, when income rose by 342%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lancaster New York Opera House Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Fort Atkinson Historical Society ($551k), Chicago Art Department ($551k) and Creative Agents of Change Foundation Inc ($551k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $58k (9.0% of expenses). Other salaries and wages came to $185k. At year end it held assets of $162k against liabilities of $55k, net assets of $106k. It reported 80 employees.