Lyric Stage Inc

Analysis

Lyric Stage Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 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 June 2023, Lyric Stage Inc reported income of $902k and spending of $1.0m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $336k to $902k (+168%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 270%. Over the whole period it spent 141% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lyric Stage Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Childrens Museum at Saratoga ($901k), The National Center for Frontier Communities ($902k) and Lark Musical Society Inc ($901k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $11k. At year end it held assets of $376k against liabilities of $220k, net assets of $155k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.