Friends of Lied

Analysis

Friends of Lied is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in November 1994, 32 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 May 2023, Friends of Lied reported income of $850k and spending of $838k, spending 99% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $826k to $850k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to May 2021, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Lied sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NE. Charities of a similar size with the same main cause include Riverside Theatre ($850k), Friends of the Midwest Theater ($851k) and Growing Stage Theatre for Young Audiences Inc ($850k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $1.2m against liabilities of $328k, net assets of $881k.