Lyric Theatre and Cultural Arts Center

Analysis

Lyric Theatre and Cultural Arts Center is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 2011, 15 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, Lyric Theatre and Cultural Arts Center reported income of $539k and spending of $331k, leaving 39% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $514k to $539k (+4.7%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 81% 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 and Cultural Arts Center 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 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Big Dance Theater Inc ($539k), New Mexico Philharmonic Foundation Inc ($539k) and Jackson County Public Library ($539k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $52k (16% of expenses). At year end it held assets of $704k against liabilities of $59k, net assets of $646k. It reported 9 employees.