Lithuanian Opera Company

Analysis

Lithuanian Opera Company is a registered charity in United States, based in Lemont, IL. It received its IRS tax-exemption ruling in November 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 2024, Lithuanian Opera Company reported income of $150k and spending of $116k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $29k to $150k (+413%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 2746%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lithuanian Opera Company sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Centro Recreativo Portugues de Jamaica Ny Inc ($150k), Honey Art Academy Inc ($150k) and African Diaspora Film Festival Inc ($150k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.