Madison Lyric Stage

Analysis

Madison Lyric Stage is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in January 2017, 9 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 December 2023, Madison Lyric Stage reported income of $143k and spending of $162k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $143k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madison Lyric Stage sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include Susan Kathleen Black Foundation Inc ($143k), Emile Norman Arts Foundation Inc ($143k) and Lugar Comun Inc ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $34k against liabilities of $38k, net assets of -$3,998.