Lira Ensemble

Analysis

Lira Ensemble is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2021, 5 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, Lira Ensemble reported income of $193k and spending of $191k, spending 99% of its income. Across the 6 years on record, from June 2018 to June 2023, income fell from $376k to $193k (-49%), an average of -12% a year. The sharpest change came in the year to June 2023, when income rose by 113%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lira Ensemble sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Morballet Inc ($193k), Youth Orchestras of Charlotte Inc ($193k) and Laughing Stock Theatre Company ($193k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $4,000 (2.1% of expenses). Other salaries and wages came to $21k. At year end it held assets of $53k against liabilities of $96k, net assets of -$43k.