Lyric Stage Company of Boston Inc

Analysis

Lyric Stage Company of Boston Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1974, 52 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 June 2023, Lyric Stage Company of Boston Inc reported income of $2.1m and spending of $2.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.1m (+3.4%), an average of +0.8% a year. The sharpest change came in the year to June 2022, when income rose by 150%. Over the whole period it spent 94% 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 Stage Company of Boston Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Intiman Theatre ($2.1m), Toldos Yeshurun Inc ($2.1m) and Black Rock Arts Foundation Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Other salaries and wages came to $990k. At year end it held assets of $3.2m against liabilities of $2.1m, net assets of $1.1m. It reported 174 employees.