Lyric Band of Hanover

Analysis

Lyric Band of Hanover is a registered charity in United States, based in Hanover, PA. It received its IRS tax-exemption ruling in December 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lyric Band of Hanover reported income of $68k and spending of $37k, leaving 46% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $31k to $68k (+121%), an average of +22% a year. The sharpest change came in the year to September 2022, when income rose by 61%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lyric Band of Hanover sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within PA. Charities of a similar size with the same main cause include Kansas City Baroque Consortium ($68k), Jannah Academy Inc ($68k) and Friends of the Otisville School Inc ($68k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $168k against liabilities of $630, net assets of $168k.