Harbor Springs Lyric Theatre

Analysis

Harbor Springs Lyric Theatre is a registered charity in United States, based in Harbor SPGS, MI. It received its IRS tax-exemption ruling in April 2015, 11 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, Harbor Springs Lyric Theatre reported income of $988k and spending of $994k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $828k to $988k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harbor Springs Lyric Theatre sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Fernando Pullum Community Arts Center ($988k), Museum of Afro American History Inc ($988k) and Cornerstone Theater Company Inc ($988k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $106k (11% of expenses). Other salaries and wages came to $142k. At year end it held assets of $4.8m against liabilities of $48k, net assets of $4.7m. It reported 4 employees.