Center for the Narrative and Lyric Arts

Analysis

Center for the Narrative and Lyric Arts is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in May 2022, 4 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, Center for the Narrative and Lyric Arts reported income of $54k and spending of $44k, leaving 20% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $37k to $54k (+47%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 121%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for the Narrative and Lyric Arts sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 16th percentile within AK. Charities of a similar size with the same main cause include Mohawk Trail Concerts Inc ($54k), Society for the Restoration of the Gary Bathing Beach Aquatorium ($54k) and International Police Sciences Association ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.