Portland Lyric Theater

Analysis

Portland Lyric Theater is a registered charity in United States, based in S Portland, ME. It received its IRS tax-exemption ruling in March 1983, 43 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, Portland Lyric Theater reported income of $420k and spending of $157k, leaving 63% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $178k to $420k (+136%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 371%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portland Lyric Theater sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within ME. Charities of a similar size with the same main cause include Glens Falls Symphony Orchestra Inc ($420k), Gallery 1516 of Regional Artists Inc ($420k) and Visalia Arts Consortium Inc ($420k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 32% of the total. At year end it held assets of $593k against liabilities of $14k, net assets of $578k.