LA Musica Lirics Inc

Analysis

LA Musica Lirics Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 2004, 22 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 December 2023, LA Musica Lirics Inc reported income of $343k and spending of $351k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $343k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 636%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LA Musica Lirics Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Kings Heralds Inc ($343k), Ecovivarium ($343k) and Craftstudies Inc ($342k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $14k against liabilities of $11k, net assets of $2,603.