Austin Lyric Opera Endowment Fund

Analysis

Austin Lyric Opera Endowment Fund is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Austin Lyric Opera Endowment Fund reported income of $265k and spending of $313k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $265k (-77%), an average of -31% a year. The sharpest change came in the year to June 2022, when income rose by 577%. Over the whole period it spent 24% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Austin Lyric Opera Endowment Fund sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Partners for Community ($264k), Salisbury Urban Ministries ($265k) and Mikuni Charitable Organization ($264k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $9.3m against liabilities of $0, net assets of $9.3m.