Commonwealth Lyric Theater Inc

Analysis

Commonwealth Lyric Theater Inc is a registered charity in United States, based in Newton Center, MA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Commonwealth Lyric Theater Inc reported income of $125k and spending of $119k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $125k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Commonwealth Lyric Theater Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Confetti Foundation ($125k), PTA California Congress of Parents Teachers & Students Inc ($125k) and Blues City Cultural Center ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $9,287 against liabilities of $0, net assets of $9,287.