Lyric Theatre Company

Analysis

Lyric Theatre Company is a registered charity in United States, based in South Burlington, VT. It received its IRS tax-exemption ruling in March 1977, 49 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 Theatre Company reported income of $619k and spending of $641k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $937k to $619k (-34%), an average of -9.8% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 90% 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 Theatre Company sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within VT. Charities of a similar size with the same main cause include Engine Foundation Inc ($619k), Allegany County Historical Society Inc ($619k) and System for Education Empowerment and Success ($619k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $72k (11% of expenses). Other salaries and wages came to $48k. At year end it held assets of $2.2m against liabilities of $260k, net assets of $1.9m. It reported 3 employees.