Lorelei Ensemble Inc

Analysis

Lorelei Ensemble Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 2014, 12 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 2024, Lorelei Ensemble Inc reported income of $320k and spending of $370k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income grew from $270k to $320k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2023, when income rose by 153%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lorelei Ensemble Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Evansville African American Museum Inc ($320k), Pacific Youth Choir ($320k) and One America Works Inc ($320k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $135k (37% of expenses). At year end it held assets of $93k against liabilities of $26k, net assets of $66k. It reported 3 employees.