Lyric Opera of Kansas City Inc

Analysis

Lyric Opera of Kansas City Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in September 1960, 66 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 Opera of Kansas City Inc reported income of $6.7m and spending of $6.6m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.3m to $6.7m (+56%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 87% 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 Opera of Kansas City Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MO. Charities of a similar size with the same main cause include American Swedish Institute ($6.6m), Planes of Fame Air Museum ($6.7m) and Pacific Neuroscience Institute Foundation ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $369k (5.6% of expenses). Other salaries and wages came to $1.9m. It paid $11k in professional fundraising fees. At year end it held assets of $28.2m against liabilities of $2.1m, net assets of $26.1m. It reported 251 employees.